North Asia AVCJ private equity and venture capital report. 13 th annual edition

Size: px
Start display at page:

Download "North Asia AVCJ private equity and venture capital report. 13 th annual edition"

Transcription

1 North Asia 2017 AVCJ private equity and venture capital report 13 th annual edition

2 CONTENTS 1 Introduction 4 A sea change both sides of the Korea Strait? 2 Assets under Management and M&A 6 M&A muscle, asymmetric AUM 3 Fundraising 12 Fundraising fever 4 Investments 17 Immense investment 5 The Exit Environment 24 Listings still the Cinderella exit 6 Active Players in the Market 32 North Asia notables 7 Looking Ahead 39 Prospects promising, rebalancing pending II

3 ASSETS UNDER MANAGEMENT AND M&A M&A muscle, asymmetric AUM FIG 2.1 North Asia - Capital Under Management in Private Equity The persistent imbalance in size and maturity of the private equity sector in and was fully on show during 2016 in the two markets comparative AUMs. Private equity assets under management in grew a paltry 3.4% between 2015 and 2016, from just over $66.8 billion to just over $69 billion. With its more active market, it comes as no surprise that managed to grow its private equity AUM by almost ten times as great a proportion, or almost 36%, from almost $56.2 billion in 2015 to over $76.3 billion in For, the increase in investment during 2016 at least pushed up private equity s share of total GPD, up to 0.23% of 2016 s just under $5 trillion GDP, from 2015 s 0.08%. saw movement in the opposite direction, with private equity investment falling to just 0.51% of 2016 s over $1.4 trillion total GDP, versus 1.16% in III

4 FUNDRAISING Fundraising fever FIG 3.1 North Asia - New Funds Raised in Private Equity saw a very strong fundraising year in 2016, with the previous year s $3.628 billion up to almost $5.9 billion, a 62.6% rise., in contrast, showed a fall of almost 50%, but this is no surprise given that 2015 saw such an exceptionally high figure: $17.72 billion. The 2016 total of almost $9 billion was still higher than s historic norms, and still substantially above s total. represented some 18.5% of Asia Pacific s private equity fundraising in 2015; by 2016 this was down to 7.8%., meanwhile, saw 2015 s 3.8% rise to 5.1%. s largest fundraising by capital raised in 2016 was the JAFCO SV5 Investment Enterprise Partnership, which closed at JPY 75 billion. Second largest was the Industrial Solutions Fund II mezzanine vehicle, with JPY 50 billion raised by year end against its JPY 200 billion target. Third largest was Tokio Marine Capital s TMCAP2016 Investment Partnership, with JPY 51.7 billion raised against its JPY 50 billion target. s largest raise by capital amount was the MBK Partners IV fund, which cleared its $4 billion target with $4.1 billion raised. Second largest was the IMM Rose Gold Private Equity Fund III, with Won 1.25 trillion raised against its Won 1.2 trillion target. And third largest was VIG Partners Fund III, which passed its Won 650 billion target with Won 690 billion raised. These three last-named n funds were also the largest raises of 2016 by target size. In, the Industrial Solutions Fund II was s largest vehicle by IV

5 INVESTMENTS Immense investment FIG 4.1 North Asia - Private Equity Investments Made The year 2016 certainly was s year for private equity investments. From just over $3.58 billion invested in 2015, the Rising Sun rose on over $11.1 billion of investment in 2016, an over 210% increase., meanwhile, saw a decline in value of almost 55.5%, with almost $16 billion invested in 2015 falling to just over $7.1 billion in Buyouts extended their lead as s primary investment stage in 2016, rising from $2.3 billion or 64.4% of deal value in 2015, from 59 deals, 20 disclosed, to almost $8.72 billion or 78.4% of value, from 79 deals, 28 disclosed. PIPE financing, the second most important investment stage, rose from just over $300 million or 8.4% deal value in 2015, with 12 deals, all disclosed, to almost $1.1 billion, or 9.7% of value, in 2016, from 15 deals, all disclosed. Expansion and growth capital deals, meanwhile, rose from $428.5 million in value or 12% of the total in 2015, from 324 deals, 250 disclosed, to $838.3 million, or 7.5% of value, from 326 deals, 250 disclosed. V

Southeast Asia AVCJ private equity and venture capital report. 14 th annual edition

Southeast Asia AVCJ private equity and venture capital report. 14 th annual edition Southeast 2018 AVCJ private equity and venture capital report 14 th annual edition CONTENTS 1 Introduction 4 A golden year, a golden tripod 2 Assets Under Management and M&A 6 Proportionately powerful

More information

Southeast Asia AVCJ private equity and venture capital report. 13 th annual edition

Southeast Asia AVCJ private equity and venture capital report. 13 th annual edition Southeast 2017 AVCJ private equity and venture capital report 13 th annual edition CONTENTS 1 Introduction 4 ASEAN asset class attractions 2 Assets Under Management and M&A 6 Steady growth, solid deals

More information

China. AVCJ private equity and venture capital report. 14 th annual edition

China. AVCJ private equity and venture capital report. 14 th annual edition China 2018 AVCJ private equity and venture capital report 14 th annual edition CONTENTS 1 Introduction 4 Keeping up the Good Work 2 Assets Under Management and M&A 6 Ample Assets, M&A Marginally Changed

More information

Asian Private Equity and Venture Capital Review 2018

Asian Private Equity and Venture Capital Review 2018 Asian Private Equity and Venture Capital Review 2018 AVCJ private equity and venture capital report 14 th annual edition CONTENTS 1 Introduction 4 Delicious deals, capacity concerns 2 Assets Under Management

More information

Asian Private Equity and Venture Capital Review 2017

Asian Private Equity and Venture Capital Review 2017 Asian Private Equity and Venture Capital Review 2017 13 th annual edition CONTENTS 1 Introduction 4 Boom before bust? 2 Assets Under Management and M&A 6 Massive M&A 3 Fundraising 11 Flush with funds 4

More information

PRIVATE CAPITAL: RECORD- SETTING PACE IN 2017 At the end of September, Preqin

PRIVATE CAPITAL: RECORD- SETTING PACE IN 2017 At the end of September, Preqin Q4 217 Fundraising Update PRIVATE CAPITAL: RECORD- SETTING PACE IN 217 At the end of September, Preqin asked whether a dip in quarterly fundraising might represent a slowdown in overall activity, or simply

More information

PREQIN INVESTOR OUTLOOK: PRIVATE DEBT H2 2017

PREQIN INVESTOR OUTLOOK: PRIVATE DEBT H2 2017 PREQIN INVESTOR OUTLOOK: PRIVATE DEBT H2 2017 alternative assets. intelligent data. INVESTORS HAVE CONFIDENCE IN PRIVATE DEBT Investor appetite for private debt remained strong in the first half of 2017;

More information

Features of Korean Hedge Funds and Their Implications

Features of Korean Hedge Funds and Their Implications Features of Korean Hedge Funds and Their Implications Kim, Jongmin* The analysis on Korean hedge fund returns for the recent 14 months using data from media reports found the following. First, the volatility

More information

*As of end-may 2011, the number of PEF firms rose to 167 with KRW28.9 trillion in investment commitments. Take-off Period (2008~2012)

*As of end-may 2011, the number of PEF firms rose to 167 with KRW28.9 trillion in investment commitments. Take-off Period (2008~2012) Press Release June 7, 2011 A PROGRESS REPORT ON THE PRIVATE EQUITY FUNDS MARKET IN KOREA BACKGROUND Private Equity Funds (PEFs) * were introduced to Korea s capital markets with the amendments to the Indirect

More information

Republic of Korea. Yield Movements. Size and Composition

Republic of Korea. Yield Movements. Size and Composition Republic of Korea 67 Republic of Korea Yield Movements Between 1 March and 15 May, local currency (LCY) government bond yields in the Republic of Korea exhibited mixed movements. Yields for tenors of less

More information

Central and Eastern Europe

Central and Eastern Europe In partnership with 2017 Central and Eastern Europe Private Equity Statistics June 2018 Disclaimer The information contained in this report has been produced by Invest Europe, based on data collected as

More information

PwC M&A 2012 Review and 2013 Outlook 30 January 2013

PwC M&A 2012 Review and 2013 Outlook 30 January 2013 M&A 212 Review and 213 Outlook 3 January 213 China Beijing Advisory Leader: Nelson Lou Northern China Transaction Services Leader : Leon Qian Foreword explanation of data shown in this presentation (1

More information

PREQIN SPECIAL REPORT: VENTURE CAPITAL FUND MANAGER OUTLOOK

PREQIN SPECIAL REPORT: VENTURE CAPITAL FUND MANAGER OUTLOOK PREQIN SPECIAL REPORT: VENTURE CAPITAL FUND MANAGER OUTLOOK H1 2018 PREQIN SPECIAL REPORT: VENTURE CAPITAL FUND MANAGER OUTLOOK, H1 2018 FOREWORD Venture capital is a unique strategy with characteristics

More information

Global Wealth Management Market: Size, Trends & Forecasts ( ) June 2018

Global Wealth Management Market: Size, Trends & Forecasts ( ) June 2018 Global Wealth Management Market: Size, Trends & Forecasts (2018-2022) June 2018 Global Wealth Management Market: Coverage Executive Summary and Scope Introduction/Market Overview Global Market Analysis

More information

Presentation Global private equity trends

Presentation Global private equity trends Presentation Global private equity trends Alex Scott Partner Pantheon Ventures Global Private Equity Trends Alex Scott July 2018 Hitting the headlines IPOS ARE DWINDLING, SO IS THE NUMBER OF PUBLIC COMPANIES

More information

PREQIN SPECIAL REPORT: PRIVATE EQUITY FUND MANAGER OUTLOOK

PREQIN SPECIAL REPORT: PRIVATE EQUITY FUND MANAGER OUTLOOK PREQIN SPECIAL REPORT: PRIVATE EQUITY FUND MANAGER OUTLOOK H1 2018 PREQIN SPECIAL REPORT: PRIVATE EQUITY FUND MANAGER OUTLOOK, H1 2018 FOREWORD The private equity industry continues to grow and evolve,

More information

1. Executive Summary. The 2016 Preqin Private Equity Compensation and Employment Review

1. Executive Summary. The 2016 Preqin Private Equity Compensation and Employment Review Executive Summary - Sample Pages The 2016 Preqin Private Equity Compensation and Employment Review 1. Executive Summary The 2016 Preqin Private Equity Compensation and Employment Review In order to analyze

More information

PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017

PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017 PREQIN INVESTOR OUTLOOK: PRIVATE EQUITY H2 2017 alternative assets. intelligent data. POSITIVE SENTIMENT DIPS BUT INVESTORS ARE SATISFIED Investors surveyed by Preqin in June 2017 are less positive about

More information

POST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, Barry Bosworth

POST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, Barry Bosworth POST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, 2010 Barry Bosworth I. Economic Rise of Asia Emerging economies of Asia have performed extremely

More information

Private Capital Fundraising Sees Fewer Funds Close in Q3 2016

Private Capital Fundraising Sees Fewer Funds Close in Q3 2016 Private Capital Fundraising Sees Fewer Funds Close in Q3 2 The private capital industry has seen fundraising falter again in the third quarter of the year. After an underwhelming first quarter, the industry

More information

Greece. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands

Greece. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands EY Forecast June 215 rebalancing recovery Outlook for Delay in agreeing reform agenda has undermined the recovery Published in collaboration with Highlights The immediate economic outlook for continues

More information

an eye on east asia and pacific

an eye on east asia and pacific 67887 East Asia and Pacific Economic Management and Poverty Reduction an eye on east asia and pacific 7 by Ardo Hansson and Louis Kuijs The Role of China for Regional Prosperity China s global and regional

More information

Venture Capital Insights 2Q14

Venture Capital Insights 2Q14 Venture Capital Insights Q Global VC investment landscape Cost to start enterprise and consumer venture-backed companies August Insights development team Bryan Pearce, Global Leader, Entrepreneur Of The

More information

The Q Preqin Quarterly Update Private Debt

The Q Preqin Quarterly Update Private Debt The 215 Preqin Quarterly Update Private Debt Insight on the quarter from the leading provider of alternative assets data Content includes... Fundraising North America-focused funds dominate 215 fundraising.

More information

2018 YEARBOOK AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ACTIVITY REPORT NOVEMBER 2018

2018 YEARBOOK AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ACTIVITY REPORT NOVEMBER 2018 218 YEARBOOK AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ACTIVITY REPORT NOVEMBER 218 CONTENTS ABOUT THE REPORT 3 About AVCAL 3 About Preqin 3 FOREWORD 4 EXECUTIVE SUMMARY 5 1 ASSETS UNDER MANAGEMENT 6

More information

Press Release Immediate Release 9 th August 2010

Press Release Immediate Release 9 th August 2010 Press Release Immediate Release 9 th Mixed Results Regarding PE Funds Adherence to ILPA Principles US Firms Resist Change to Whole Fund Carry Structure 71% of LPs Surveyed Would View Non-Adherence to Principles

More information

PREQIN SPECIAL REPORT: PRIVATE CAPITAL COMPENSATION AND EMPLOYMENT MARCH In association with

PREQIN SPECIAL REPORT: PRIVATE CAPITAL COMPENSATION AND EMPLOYMENT MARCH In association with PREQIN SPECIAL REPORT: PRIVATE CAPITAL COMPENSATION AND EMPLOYMENT MARCH 2018 In association with PREQIN SPECIAL REPORT: PRIVATE CAPITAL COMPENSATION AND EMPLOYMENT FOREWORD The private capital industry

More information

PRIVATE CAPITAL: STILL ON COURSE FOR A RECORD YEAR? One question being asked of the

PRIVATE CAPITAL: STILL ON COURSE FOR A RECORD YEAR? One question being asked of the Fundraising Update PRIVATE CAPITAL: STILL ON COURSE FOR A RECORD YEAR? One question being asked of the private capital fundraising market in is will this be a record-breaking year? The signs are promising:

More information

GLOBAL TRANSACTIONS FORECAST

GLOBAL TRANSACTIONS FORECAST 2018 GLOBAL TRANSACTIONS FORECAST Industrials, Manufacturing & Transportation A BAKER MCKENZIE SECTOR REPORT Deal activity to rise amid industry disruption, consolidation and the pursuit of new technology

More information

An Overview of World Goods and Services Trade

An Overview of World Goods and Services Trade Appendix IV An Overview of World Goods and Services Trade An overview of the size and composition of U.S. and world trade is useful to provide perspective for the large U.S. trade and current account deficits

More information

Overview of the Korean PEF Market and Major Issues

Overview of the Korean PEF Market and Major Issues Funds and Pensions Overview of the Korean PEF Market and Major Issues Yong Rin Park, Research Fellow* The PEF market in Korea has grown to be a market with a total commitment of KRW 28 trillion over the

More information

Asia Bond Monitor November 2015

Asia Bond Monitor November 2015 1 February 16 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Bangko Sentral ng Pilipinas (BSP) decided on 11 February to keep unchanged the overnight borrowing rate at.% and

More information

Survey on Privately Placed Real Estate Funds in Japan January Results. Trends of Market Size of Privately Placed Funds and J REITs.

Survey on Privately Placed Real Estate Funds in Japan January Results. Trends of Market Size of Privately Placed Funds and J REITs. News Release Survey on ly Placed Real Estate Funds in Japan January 3- Results March th 3 Sumitomo Mitsui Trust Research Institute Co., Ltd Starting in 3, Sumitomo Mitsui Trust Research Institute Co.,

More information

PREQIN QUARTERLY UPDATE: PRIVATE DEBT Q Insight on the quarter from the leading provider of alternative assets data.

PREQIN QUARTERLY UPDATE: PRIVATE DEBT Q Insight on the quarter from the leading provider of alternative assets data. PREQIN QUARTERLY UPDATE: PRIVATE DEBT Q1 17 Insight on the quarter from the leading provider of alternative assets data Content includes: Fundraising Funds in Market Institutional Investors Dry Powder

More information

Global Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China

Global Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China EMBARGO: :1BST/1:1CET/19:1EDT Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise

More information

HONG KONG AND SEOUL CBD RENTS VULNERABLE TO FALLING STOCK MARKETS

HONG KONG AND SEOUL CBD RENTS VULNERABLE TO FALLING STOCK MARKETS Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Oct-26 Oct-27 Oct-28 Oct-29 Oct-21 Oct-211 Oct-212 Oct-213 Oct-214 Oct-215 Oct-216 Oct-217 Oct-218 HSI Net Effective Rent (HKD /sq ft/month, NFA) COLLIERS FLASH OFFICE

More information

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call May 7, 2015, a.m.

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call May 7, 2015, a.m. Statement by Kasper Rorsted Chairman of the Management Board Conference-Call May 7, 2015, 10.30 a.m. Welcome to our conference call. Earlier this morning you received our press release and quarterly report

More information

Record Household Debt, Student Loan Delinquencies Spike

Record Household Debt, Student Loan Delinquencies Spike IN THIS ISSUE: Record Household Debt, Student Loan Delinquencies Spike November 28, 2018 by Gary Halbert of Halbert Wealth Management 1. Household Debt Hit a New Record High in the 3Q 2. Student Loan Delinquencies

More information

Market performance in 2016

Market performance in 2016 Market performance in 2016 The ECB's monetary policy decisions once again shaped the performance of the markets in 2016, in addition to external factors such as Brexit and the US elections. In March, the

More information

SwapsInfo First Quarter 2018 Review

SwapsInfo First Quarter 2018 Review May 2018 SwapsInfo First Quarter 2018 Review The ISDA SwapsInfo Quarterly Review provides analysis of interest rate derivatives (IRD) and index credit default swap (CDS) trading activity. The report provides

More information

All you need to know

All you need to know All you need to know About private equity 01 Private equity as an asset 01 Private equity investment characteristics 02 2017 private equity industry review UBS Asset Management Private equity All you

More information

Asset & Wealth Management Market Intelligence Digest South Korea. Asset & Wealth Management Market Research Centre Asia Pacific

Asset & Wealth Management Market Intelligence Digest South Korea. Asset & Wealth Management Market Research Centre Asia Pacific Asset & Wealth Management Market Intelligence Digest South Korea Asset & Wealth Management Market Research Centre Asia Pacific Summary table of contents Executive Summary 1.1 1.2 Market Landscape 2.1 2.2

More information

2014 Venture Capital Review

2014 Venture Capital Review 214 Venture Capital Review Venture capital activity reaches 13-year high The venture capital (VC) industry had an exceptional year in 214. Funding was back to levels not seen since 2, median deal sizes

More information

Strategic investment with strong cost discipline

Strategic investment with strong cost discipline Business and financial review Strategic investment with strong cost discipline 2017 has been another successful year for Schroders, as we delivered record pre-tax and exceptionals profits of 800.3 million,

More information

1. EXECUTIVE SUMMARY. Fig. 1.1: Fund Types in Which Participating Firms Are Involved. Proportion of Participating Firms

1. EXECUTIVE SUMMARY. Fig. 1.1: Fund Types in Which Participating Firms Are Involved. Proportion of Participating Firms THE 2018 PREQIN PRIVATE CAPITAL COMPENSATION AND EMPLOYMENT REVIEW - SAMPLE PAGES 1. EXECUTIVE SUMMARY Fig. 1.1: Fund Types in Which Participating Firms Are Involved Preqin and FPL Associates have partnered

More information

LEADING WITH OPTIMISM IN TIMES OF UNCERTAINTY How companies, sponsors and investors view the middle market landscape post-election.

LEADING WITH OPTIMISM IN TIMES OF UNCERTAINTY How companies, sponsors and investors view the middle market landscape post-election. ANTARES COMPASS: LEADING WITH OPTIMISM IN TIMES OF UNCERTAINTY How companies, sponsors and investors view the middle market landscape post-election. Optimism is the prevailing sentiment within the middle

More information

Summary. Editor: Tristan Zhuo Senior Economist Phone:

Summary. Editor: Tristan Zhuo Senior Economist Phone: Summary Editor: Tristan Zhuo Senior Economist Phone: +852 2826 6193 Email: tristanzhuo@bochk.com China s macro economy stabilized in May, and growth in the second quarter appears to be similar with the

More information

2015 ANNUAL BRIEF Nontraded BDC Year in Review

2015 ANNUAL BRIEF Nontraded BDC Year in Review Nontraded BDC Year in Review March 15, 2016 www.bluevaultpartners.com 407 E. Maple St., Suite 305, Cumming, GA 30040 Toll Free: 877-256-2304 March 11, 2016 4:57 PM Contents Introduction 1 Key Macroeconomic

More information

Quarterly Asset Class Report Private Equity

Quarterly Asset Class Report Private Equity Quarterly Asset Class Report canterburyconsulting.com Canterbury Consulting ( CCI ) is an SEC registered Investment Adviser. Information pertaining to CCI's advisory operations, services, and fees is set

More information

Financing Infrastructure Through Fixed Income Capital Markets in Asia-Pacific Region

Financing Infrastructure Through Fixed Income Capital Markets in Asia-Pacific Region 2015/FMP/WKSP2/019 Session 4.3 Financing Infrastructure Through Fixed Income Capital Markets in Asia-Pacific Region Submitted by: World Bank Workshop on Infrastructure Financing and Capital Market Development

More information

Performance and Innovation

Performance and Innovation Performance and Innovation Blackstone Chairman s Letter 2018 Another Standout Year 2018 was a year of two starkly different market backdrops. The first nine months were characterized by a persistent move

More information

PREQIN INVESTOR OUTLOOK: REAL ESTATE H2 2017

PREQIN INVESTOR OUTLOOK: REAL ESTATE H2 2017 PREQIN INVESTOR OUTLOOK: REAL ESTATE H2 2017 alternative assets. intelligent data. INVESTOR APPETITE REMAINS STRONG So far in 2017, significant geopolitical events have led to high levels of uncertainty

More information

Is China the New France?

Is China the New France? Is China the New France? August 6, 2013 by Marianne Brunet Imagine a country that grows its economy by greatly devaluing against the reserve currency to develop a strong export sector. As the country becomes

More information

Global Private Equity Barometer

Global Private Equity Barometer Global Private Equity Barometer WINTER 2009-10 A UNIQUE PERSPECTIVE ON THE ISSUES AND OPPORTUNITIES FACING INVESTORS IN PRIVATE EQUITY WORLDWIDE Coller Capital s Global Private Equity Barometer Coller

More information

Global private assets strategy Investment update to 31 March

Global private assets strategy Investment update to 31 March MLC gives investors access to private assets (also known as private equity) all around the world. Private assets are investments that aren t traded on listed exchanges and involve buying shares in private

More information

ASSET ALLOCATION MONTHLY BNPP AM Multi Asset, Quantitative and Solutions (MAQS)

ASSET ALLOCATION MONTHLY BNPP AM Multi Asset, Quantitative and Solutions (MAQS) FOR PROFESSIONAL INVESTORS 2 May 2018 ASSET ALLOCATION MONTHLY BNPP AM Multi Asset, Quantitative and Solutions (MAQS) THE RETURN OF THE US INFLATION THREAT Asset allocation overview: Christophe MOULIN

More information

Venture Capital 4% Strategy. Mega/Large Buyout 29% Highlights from the 2016 GP Dashboard include:

Venture Capital 4% Strategy. Mega/Large Buyout 29% Highlights from the 2016 GP Dashboard include: GP Dashboard We are pleased to present Hamilton Lane s GP Dashboard, which captures the opinions and expectations of general partners from around the world and offers insight into where the GP community

More information

Germany The Future of HNWIs to 2016: Wealth in the Powerhouse of Europe

Germany The Future of HNWIs to 2016: Wealth in the Powerhouse of Europe Germany The Future of HNWIs to 2016: Wealth in the Powerhouse of Europe China The Future of HNWIs to 2015: Opportunities for Wealth Managers and Private Banks Publication date: May, 2012. WealthInsight.

More information

Investor Presentation Q3 FY2006

Investor Presentation Q3 FY2006 Investor Presentation Q3 FY2006 1 DISCLAIMER This presentation contains forward-looking statements about Mirae Asset Securities and unaudited preliminary figures internally collected as of December 2006.

More information

EVCA Quarterly Activity Indicator: Q Q Produced for EVCA by PEREP_Analytics

EVCA Quarterly Activity Indicator: Q Q Produced for EVCA by PEREP_Analytics EVCA Quarterly Activity Indicator: Q1 27-Q3 211 Produced for EVCA by PEREP_Analytics 1 Executive Summary Fundraising stabilised above 1bn in Q3 211, confirming the recovery observed since the begining

More information

Global Equities. as a Source of Income. InvestmentFocus

Global Equities. as a Source of Income. InvestmentFocus InvestmentFocus Global Equities as a Source of Income The economic and capital markets volatility of recent years has reduced the attractiveness of equities to many investors and has led to unprecedented

More information

Perspectives JAN Market Preview: Private Equity

Perspectives JAN Market Preview: Private Equity Perspectives JAN 2018 2018 Market Preview: Private Equity RELATIVE OPPORTUNITY FUELING GROWTH Private equity investors in 2017 benefited from strong overall industry performance, with U.S. funds up 12%

More information

Performance by Retirement Benefits Schemes in Kenya & Cytonn Weekly #10_2019

Performance by Retirement Benefits Schemes in Kenya & Cytonn Weekly #10_2019 Performance by Retirement Benefits Schemes in Kenya & Cytonn Weekly #10_2019 Focus of the Week The Retirement Benefits Industry plays a huge role in the economy. According to the Organization for Economic

More information

CANACCORD CAPITAL INC.

CANACCORD CAPITAL INC. Q2 CANACCORD CAPITAL INC. REPORTS second QUARTER RESULTS Second Quarter Fiscal 2008 Report to Shareholders CANACCORD CAPITAL INC. Reports second quarter and first half of fiscal 2008 results (All dollar

More information

Asia Pacific Market Structure Chartbook

Asia Pacific Market Structure Chartbook Q7 AUTHORS Duncan Begg Director Head of Algo Product Management - Asia Pacific ITG Asia Pacific duncan.begg@itg.com Niamh Golden Director Head of Analytical Products - Asia Pacific ITG Asia Pacific niamh.golden@itg.com

More information

ASIA PACIFIC PRIVATE EQUITY

ASIA PACIFIC PRIVATE EQUITY Insightful investors in Asia Pacific Private Equity April 2011 KEY TOPICS: Management fees Distribution waterfalls No-fault divorce provisions Key person clauses Limits on concentration and PIPEs Renminbi

More information

Global Private Equity Barometer

Global Private Equity Barometer Global Private Equity Barometer A UNIQUE PERSPECTIVE ON THE ISSUES AND OPPORTUNITIES FACING INVESTORS IN PRIVATE EQUITY WORLDWIDE 1 Coller Capital s Global Private Equity Barometer Coller Capital s Global

More information

Asia Bond Monitor November 2018

Asia Bond Monitor November 2018 January 9 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets L ast week, the Philippines raised USD. billion from the sale of -year global bonds priced at basis points above benchmark

More information

PRESS RELEASE AXA CONSOLIDATED REVENUES UP 5.3% ON A COMPARABLE BASIS TO EURO 56.9 BILLION FOR THE FIRST NINE-MONTHS OF 2002

PRESS RELEASE AXA CONSOLIDATED REVENUES UP 5.3% ON A COMPARABLE BASIS TO EURO 56.9 BILLION FOR THE FIRST NINE-MONTHS OF 2002 PRESS RELEASE November 12, 2002 AXA CONSOLIDATED REVENUES UP 5.3% ON A COMPARABLE BASIS TO EURO 56.9 BILLION FOR THE FIRST NINE-MONTHS OF 2002 Life & Savings revenues, which represent 64% of total revenues,

More information

In contrast to developed and highly competitive markets like the US and Europe, where private capital is often

In contrast to developed and highly competitive markets like the US and Europe, where private capital is often Africa: The Opportunity At Hand Dan POgue & Chris Keller, CFA May 2014 Executive Summary In contrast to developed and highly competitive markets like the US and Europe, where private capital is often used

More information

Global Private Equity Barometer

Global Private Equity Barometer Global Private Equity Barometer A UNIQUE PERSPECTIVE ON THE ISSUES AND OPPORTUNITIES FACING INVESTORS IN PRIVATE EQUITY WORLDWIDE 1 Coller Capital s Global Private Equity Barometer Coller Capital s Global

More information

Challenges and Opportunities in the Financial Sector

Challenges and Opportunities in the Financial Sector Challenges and Opportunities in the Financial Sector John R. Dacey, Group Chief Strategy Officer, Swiss Re 5th Conference on Global Insurance Supervision, 6 Sep 2017 Key topics The macroeconomic and policy

More information

First Quarter 2016 Quarterly narrative REGIONAL SUMMARIES Fort Smith region Northwest Arkansas Central Arkansas Jonesboro

First Quarter 2016 Quarterly narrative REGIONAL SUMMARIES Fort Smith region Northwest Arkansas Central Arkansas Jonesboro First Quarter 2016 Quarterly narrative An independent economic analysis of four Arkansas metro areas: Central Arkansas Northwest Arkansas The Fort Smith region Jonesboro metro REGIONAL SUMMARIES Fort Smith

More information

High gross domestic savings. India s HNWI population to double by Phenomenal growth in NBFC finance. Robust AUM growth

High gross domestic savings. India s HNWI population to double by Phenomenal growth in NBFC finance. Robust AUM growth High gross domestic savings India s gross domestic savings (GDS) as a per cent of GDP has remained above 30 per cent since 2004 and stood at 30.8 per cent in FY12. RBI estimates domestic savings to reach

More information

BVCA Report on Investment Activity 2017

BVCA Report on Investment Activity 2017 BVCA Report on Investment Activity 217 Table of contents Introduction to the BVCA 1 European Data Cooperative 2 Executive summary 4 1. Fundraising Fundraising statistics explained 5 Glossary 6 At a glance

More information

PREQIN SPECIAL REPORT: REAL ESTATE FUND MANAGER OUTLOOK H alternative assets. intelligent data.

PREQIN SPECIAL REPORT: REAL ESTATE FUND MANAGER OUTLOOK H alternative assets. intelligent data. PREQIN SPECIAL REPORT: REAL ESTATE FUND MANAGER OUTLOOK H2 2017 alternative assets. intelligent data. PREQIN SPECIAL REPORT: REAL ESTATE FUND MANAGER OUTLOOK FOREWORD Our latest survey of private real

More information

Navigating Asian equities in 2017

Navigating Asian equities in 2017 December 2016 16 Navigating Asian equities in 2017 With Christmas around the corner, it s almost the end of 2016. How would investors depict 2016? Surprised? Startled? Shocked? Few would argue that Trump

More information

REAL ESTATE MARKET SIZE 2015

REAL ESTATE MARKET SIZE 2015 RESEARCH REPORT REAL ESTATE MARKET SIZE 2015 Annual Update on the Scale of the Professionally Managed Global Real Estate Investment Market Bert Teuben, Brent McElreath, Hariharan G G June 2016 JUNE 2016

More information

Monthly Outlook SEPTEMBER 2013

Monthly Outlook SEPTEMBER 2013 Monthly Outlook SEPTEMBER 2013 In August, the yield curve of US Treasuries continued to steepen as the likelihood of the US Fed tapering to start before year-end became stronger. Asian Local Currency fund

More information

FOR PRIVATE CIRCULATION ONLY DECEMBER 2015 FINANCIAL ASSETS ARE GAINING AN EDGE OVER PHYSICAL ASSETS

FOR PRIVATE CIRCULATION ONLY DECEMBER 2015 FINANCIAL ASSETS ARE GAINING AN EDGE OVER PHYSICAL ASSETS VOLUME 6 FOR PRIVATE CIRCULATION ONLY DECEMBER 2015 FINANCIAL ASSETS ARE GAINING AN EDGE OVER PHYSICAL ASSETS Executive Summary In this world where technology wears a new look every day, where relationship

More information

MoneyTree TM China TMT Report

MoneyTree TM China TMT Report Technology Institute This MoneyTree TM China Telecommunications, Media and Technology (TMT) Report includes information on private equity and venture capital (PE/VC) investment in the TMT industry for

More information

Fed described the economy as "slow" and said employers remained reluctant to create jobs and Inflation "somewhat low.

Fed described the economy as slow and said employers remained reluctant to create jobs and Inflation somewhat low. 08 Nov 2010 UNITED STATES The ISM manufacturing index rose to 56.9 in October from 54.4 in September, led by growth in autos, computers and exported goods. The ISM non-manufacturing index rose to 54.3

More information

Bill Toppeta. President. International. investor day

Bill Toppeta. President. International. investor day UFS Bill Toppeta President International investor day 2 0 0 7 2 2007: A Very Strong Year Record profitability and revenues Japan JV: expanding distribution and sales outpace market Korea: turbo charged

More information

Global Private Equity Barometer

Global Private Equity Barometer Global Private Equity Barometer WINTER 2011-12 A UNIQUE PERSPECTIVE ON THE ISSUES AND OPPORTUNITIES FACING INVESTORS IN PRIVATE EQUITY WORLDWIDE Coller Capital s Global Private Equity Barometer Coller

More information

Republic of Korea. Yield Movements

Republic of Korea. Yield Movements Republic of Korea 101 Republic of Korea Yield Movements Between 1 September and 31 October, local currency (LCY) government bond yields in the Republic of Korea rose for all tenors (Figure 1). The rise

More information

PREQIN SPECIAL REPORT: ALTERNATIVE METHODS OF INVESTING IN INFRASTRUCTURE MAY alternative assets. intelligent data.

PREQIN SPECIAL REPORT: ALTERNATIVE METHODS OF INVESTING IN INFRASTRUCTURE MAY alternative assets. intelligent data. PREQIN SPECIAL REPORT: ALTERNATIVE METHODS OF INVESTING IN INFRASTRUCTURE MAY 2017 alternative assets. intelligent data. SOURCE new investors for funds or deals IDENTIFY new investment opportunities CONDUCT

More information

3. The international debt securities market

3. The international debt securities market Jeffery D Amato +41 61 280 8434 jeffery.amato@bis.org 3. The international debt securities market The fourth quarter completed a banner year for international debt securities. Issuance of bonds and notes

More information

Hungary s balance of payments account remained positive in Q4 2017

Hungary s balance of payments account remained positive in Q4 2017 Hungary s balance of payments account remained positive in Q4 Persistently positive real economic trends, among them export and import growth, have caused Hungary s balance of payments account to remain

More information

Economic Conditions Snapshot, June 2014

Economic Conditions Snapshot, June 2014 McKinsey Global Survey results Economic Conditions Snapshot, June 204 While recent elections have revived executives optimism in India, those in other emerging markets have concerns about economic conditions

More information

Hannover Re beats Group net income guidance for 2017 and is highly satisfied with treaty renewals as at 1 January 2018

Hannover Re beats Group net income guidance for 2017 and is highly satisfied with treaty renewals as at 1 January 2018 Hannover Re beats Group net income guidance for 2017 and is highly satisfied with treaty renewals as at 1 January 2018 Hannover, 7 February 2018: As part of its reporting on the outcome of the treaty renewals

More information

THE SWISS AND WORLD WATCHMAKING INDUSTRIES IN % +9.1% -4.4% Hong Kong USA China Japan United Kingdom

THE SWISS AND WORLD WATCHMAKING INDUSTRIES IN % +9.1% -4.4% Hong Kong USA China Japan United Kingdom THE SWISS AND WORLD WATCHMAKING INDUSTRIES IN 2018 SWISS WATCH EXPORTS 21.2 billion francs +6.3% The outturn for watch industry exports in 2018 was in line with forecasts. The steady pace of growth early

More information

Indian fund flows heat up. According to ratings agency Fitch,

Indian fund flows heat up. According to ratings agency Fitch, Indian fund flows heat up Equity assets under management have doubled for Indian mutual funds in the last twelve months, reflecting broader optimism among domestic retail investors. According to ratings

More information

Republic of Korea. Yield Movements. Size and Composition

Republic of Korea. Yield Movements. Size and Composition Republic of Korea 59 Republic of Korea Yield Movements The Republic of Korea s local currency (LCY) government bond yield curve steepened between end-june 2013 and end-january 2014 as yields rose relatively

More information

E Session 9 Venture Finance Tom Byers

E Session 9 Venture Finance Tom Byers E145 2007 Session 9 Venture Finance Tom Byers Copyright 2007 by the Board of Trustees of the Leland Stanford Junior University and Stanford Technology Ventures Program (STVP). This document may be reproduced

More information

Europe 44% North America 68% Latin America 24% Asia-Pacific 64% Unrecorded. 2 I Toppan Vintage

Europe 44% North America 68% Latin America 24% Asia-Pacific 64% Unrecorded. 2 I Toppan Vintage M&A Pulse Private equity riding high Investors pour capital into the asset class, even as PE firms face rising valuations and competition for targets 1 What will happen to private equity fundraising levels

More information

The Carlyle Group Announces First Quarter 2018 Financial Results

The Carlyle Group Announces First Quarter 2018 Financial Results The Carlyle Group Announces First Quarter Financial Results Washington, DC, May 1, Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the first

More information

Private Equity Trends

Private Equity Trends Third Quarter 2018 INSTITUTE Private Equity Trends Analyzing private equity activity through all the stages of the investment cycle, from fundraising to exits. Fundraising: Mild Slowdown Driven by Fewer

More information

World of Work Report 2013

World of Work Report 2013 World of Work Report 2013 Repairing the economic and social fabric Summary INTERNATIONAL LABOUR ORGANIZATION INTERNATIONAL INSTITUTE FOR LABOUR STUDIES Repairing the economic and social fabric The labour

More information

SIGNIFICANT CASH FLOW GENERATION SUPPORTING VERY HIGH LEVEL OF INVESTMENTS IN THE BUSINESS

SIGNIFICANT CASH FLOW GENERATION SUPPORTING VERY HIGH LEVEL OF INVESTMENTS IN THE BUSINESS 2016 ANNUAL RESULTS AND FOURTH-QUARTER 2016 SALES SIGNIFICANT CASH FLOW GENERATION SUPPORTING VERY HIGH LEVEL OF INVESTMENTS IN THE BUSINESS Full-year 2016 sales down -2.7%, organic sales growth down -2.1%

More information

Market Report (KOREA)

Market Report (KOREA) Market Report (KOREA) Presented by Korea Financial Investment Association Macro-Economic Overview 2017-2018 Korea s per capita gross national income (GNI) registered USD 29,744 in 2017, up by 7.5% from

More information