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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
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
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.
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