Setter Capital’s latest study of the hottest secondary funds in the market gives a bit of welcome insight into the Asia Pacific PE segment. It is welcome because the PE industry headlines about Asia have been a bit negative of late. For example, Private Equity Beat writes: “Asian Private Equity Fund Face Pressure to Invest Capital Hoard”; A Forbes headline reads: “For China’s Private Equity, A Long And Painful Path To Liquidity”, while Finance Asia reports skepticism about China’s financial reforms in a piece entitled “China Market Blueprint Isn’t Black and White”.
The Setter Liquidity Report identifies PE firms that have been performing well enough to be sought after in the secondary market, basically who is actually making money in the region. According to the latest overview, the top names are CDH China Fund, a local Chinese fund manager, CVC Asia, managed by European fund manager CVC Capital Partners, and Pacific Equity Partners, which like CDH is also a local player that claims to be the largest PE fund manager in Australsia. DealMarket’s Industry News has an in-depth report on Setter Capital and its latest data and insights here. (Image source: Setter Capital)