Accept By continuing to browse this site you are agreeing to our use of Cookies. To find out more about our Cookie policy, please click here

Please Wait...
    Please Wait...
      • Chart of the week: Hong Kong fund managers smash targets
        Please Wait...
      • Hong Kong-based fund managers continue to surpass targets initially set for closed ended private equity funds
        By: Research & Analytics
        Published: 11 September 2015
        Shareicon TwitterIcon LinkedinIcon EmailIcon GoogleIcon


        Click here for a larger version

        As Headland Capital Partners halts fundraising for Headland Private Equity Fund 7 (HPEF 7) to focus on its existing portfolio companies, PEI’s Research & Analytics team have looked at the difference between capital targeted by Hong-Kong domiciled private equity funds compared with capital gathered by the vehicles at final close.

        In 2015 to date, $8.1 billion has been raised by fund managers based in Hong Kong for funds closed, by eight private equity vehicles. The funds had a combined target of $6.15 billion, meaning that 2015 is so far the most successful fundraising year for Hong Kong-based fund managers in terms of capital targeted versus capital raised. Following a dip between 2012 and 2013, aggregate capital collected has increasingly surpassed fundraising targets.

        Baring Asia Private Equity Fund VI is the largest fund raised by a Hong Kong firm to close in 2015 to date. The growth equity vehicle gathered almost $700 million more from investors than its initial target of $3.3 billion.

        There are 50 Hong Kong-domiciled closed ended private equity funds currently in market or coming to market. Collectively the funds are targeting $21.64 billion to invest globally and have already gathered $6 billion to date. With four months of the year left to go, the possibility lies therein that Hong Kong based firms will continue to successfully beat targets by year end.

        Shareicon TwitterIcon LinkedinIcon EmailIcon GoogleIcon