Preqin reports that two dozen Asia focused PE funds closed in December, raising a total USD 7.4 billion. China-based fund managers dominated the list, with 11 of these funds from the country, while the remaining 13 are managed by GPs headquartered in Australia, Germany, Japan, India, Malaysia, Singapore, South Korea and US.
From 2009 to 2010, Asia and Rest of World-focused funds saw a marked increase in capital gained as institutional investors saw opportunities in emerging and newly maturing markets, and while aggregate capital raised by such private equity vehicles in 2011 did not continue this upward trend, it did remain relatively stable. (Image Source: Preqin)
The top five largest funds closed in Q4 2011
– Hony Capital RMB Fund II,
– Archer Capital Fund V,
– Shanghai Ruili Emerging Industries Parallel Fund I,
– New Horizon Capital IV
– Tianjin Junruiqi Private Equity Partnership.