Chinese firms raised around $42.6 billion for 202 private equity funds in 2011, according to figures from Thomson Reuters, with Hong Kong-based private equity firms raising $5.3 billion in 16 vehicles. Indian private equity funds raised almost $2 billion in 14 funds.
China is already off to a flying start in 2012 with one of its most successful private equity firms, Hony Capital, raising nearly $4 billion from investors. Hony Capital raised about $2.4 billion for Hony Capital Fund V LP, as well as 10 billion yuan ($1.6 billion) for its second local currency fund, according to sister news service Reuters. This was almost double the size of its previous dollar and yuan funds. Hony Capital’s fundraising began in September for the dollar fund with a target of $2 billion.
This week, Reuters reported that Greenpark Capital has launched a $500 million global fund to invest in private equity secondary markets with a $100 million cornerstone investment from International Financing Corp, the finance arm of the World Bank, according to sources familiar with the matter. The fund will initially invest in Asia where Greenpark this month has opened its Hong Kong office and appointed Chin Chin Teoh, a former Bank of America Merrill Lynch managing director and co-head of the bank’s Asia private equity group, as head of Asia.
There are also recent reports that funds-of-funds manager Axiom Asia has raised more than $1 billion for its third Asia fund, according to Reuters sources. Axiom mainly invests in private equity funds, but also specialises in secondary private equity deals.
And Reuters has reported another China-focused private equity firm HAO Capital, founded by former Carlyle Group partner Elaine Wong, has plans to launch its third US dollar-denominated fund this year, underlining the appetite of international investors for investing in China.
peHUB takes a look at the top ten private equity and venture funds in the market this year in Asia, including India, by amount raised. Scroll down to find out more…
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[slide title=”10. Lightspeed China Partners I LP “]
Firm: Lightspeed Venture Partners
Firm Description: Global venture capital firm with investment professionals and advisors located in Silicon Valley, China, India, and Israel.
Amount Raised: $86.35 million
[slide title=”9.Tano India Private Equity Fund II”]
Firm: Tano Capital
Firm Description: China and India focused alternative asset management firm
Amount Raised: $111.3 million
Target: $150 million
[slide title=”8. Sino-Can Harvest Capital Consumer Goods Fund”]
Firm: Sino-Can Harvest Capital Co
Firm Description: Investment manager
Amount Raised: $152.88 million
[slide title=”7. Helion Venture Partners III”]
Firm: Helion Venture Partners
Firm Description: Early to mid-stage, India-focused venture fund, investing in high growth technology powered businesses and consumer services.
Amount Raised: $219 million
Target: Between $200 million and $250 million
[slide title=”6. Harmony China Real Estate Fund II”]
Firm: China Overseas Land & Investment, Ltd.
Firm Description: Property and investment business, a subsidiary of China State Construction Engineering Corporation, the largest construction conglomerate in China
Amount Raised: $230 million
Target: $500 million
[slide title=”5. Huixu Wealth Medical Health Fund”]
Firm: Beijing Huixu Gold Stone Investment Holding
Firm Description: Direct investment arm of Citic Securities Co.Ltd.
Amount Raised: $317.47 million
[slide title=”4.Red Fort India Real Estate Fund II”]
Firm: Red Fort Capital Advisors.
Firm Description: Private equity real estate firm focused on India
Amount Raised: $500 million
Target: $500 million
[slide title=”3.Goldman Sachs Chinese Yuan Fund”]
Firm: Goldman, Sachs & Company
Firm Description: Global investment bank
Amount Raised: $953 million
Target: $770 million
[slide title=”2. Sailing Capital International Fund”]
Firm: Sailing Capital Management
Firm Description: Owned by Shanghai International Group (SIG), the investment affiliate of the Shanghai government.
Amount Raised: $1.9 billion
Target: $7.9 billion
[slide title=”1. Hony Capital Fund V”]
Firm: Hony Capital
Firm Description: Chinese private equity firm founded in 2003 with over US$6.8 billion under management across 7 funds and investments in over 60 companies.
Amount Raised: $2.4 billion
Target: $2 billion