Subscribe  |  Contact       
Home / Publications / Asia Private Equity Review /

APER0712YE

APER 2007 Year-End Review

In 2007, the Asian private equity industry saw a rising number of Asia-based limited partners. An additional US$36.8 billion of fresh capital came into the market. However, deal value declined by 21% to US$42.2 billion. The industry also witnessed a new high in divestment activities, with US$17.05 billion of realised capital being returned to investors' coffers during the year.

Institutional Investors
  
  • 292 limited partners ('LPs') were known to have made allocations to 140 Asian private equity funds during 2007, with corporate investors being the most active
  • There were 393 distributions/allocations known to have been committed by LPs during 2007. Asian establishments, including those in Japan, accounted for 55% of the allocation number
  • Asian LPs favoured venture capital funds which took up 45% of their allocations
  • Non-Asian LPs preferred buyout funds which took up 19% of the number of allocations, compared to 9% by their Asian counterparts

Distribution of LPs (2007) - by Locations

Funds
  
  • US$36.8 billion of fresh capital has come into the market in 2007, representing an increase of 28.3% compared to the same period in the last year
  • The average fund size has increased by 20.6% to US$246.7 million, from US$204.6 million for 2006
  • Buyouts funds dominated, accounting for US$15.1 billion, or 41.1% of 2007’s capital pool
  • Venture capital funds, at US$7.1 billion, enjoyed the highest growth compared to US$4.3 billion in 2006

Growth of Asian Private Equity Fund Pool (2002 – 2007)

Investments
  
  • US$42.2 billion in commitments, a decrease of 20.8% compared to the US$53.2 billion recorded for 2006
  • 691 deals were known to have been completed, an increase of 17.3% from 2006
  • The average deal size has declined to US$61.1 million, whereas it was US$90.4 million in the same period in 2006

Investment Pace (2006 – 2007)

Divestments
  
  • 380 divestment processes were known to have been initiated, a 77% increase compared to 215 for 2006
  • Initial public offerings ('IPOs') commanded the lion's share of exit movements, accounting 77.6%
  • A total of US$17.05 billion has been returned to investors for an original invested capital of US$5.80 billion
  • Realised capital through IPOs accounted for US$7.24 billion or 42.5% of the returned or realised capital

Divestment Profile(2006 – 2007)

The only Year End Review that separately examines trends in

  • Asia (including Japan)
  • Asia (ex-Japan)
  • China & India
  • Japan only
Contents

The Emerging Markets - An Overview of Asian Private Equity in 2007
Summary Points: Institutional Investors, Funds, Investments, Divestments (Asia including Japan)
Summary Points: Funds, Investments, Divestments (Asia ex-Japan)
Data Overview & Analysis (Asia including Japan)
Data Overview & Analysis (Asia excluding Japan)
Data Overview & Analysis (China & India)
Data Overview & Analysis (Japan Only)

Selected Charts

A total of 47 charts are available with the Year End 2007 Review. Some selected charts follow.


Figure
Title
Fig. 1 Growth of Asian Private Equity Fund Pool (2002 - 2007)
Fig. 2 Distribution of LPs (2007) - by Locations
Fig. 3 Profile of LPs in Selected Markets (2007)
Fig. 4 Distribution of Private Equity Fund Pool by Geographical Focus (2007)
Fig. 5 Billion Dollar Funds (2007)
Fig. 6 Three Largest Investments in Asia (Jan - Jun/2007)
Fig. 7 Investment Pace (2006 - 2007)
Fig. 8 Largest Five Deals in Buyouts and Growth/Expansion Segments (2007)
Fig. 9 Average Deal Size by Pan-Asia vs. Country Funds (2006 - 2007)
Fig. 10 Investment Destinations Ranking (2006 - 2007)
Fig. 11 Divestment Profile (2006 - 2007)
Fig. 12 Capital Return Profiles (2006 - 2007)
Fig. 13 Cashing Out (2007)
charts also for ..
Asia Including Japan
Asia Excluding Japan
China & India
Japan Only

 

Now Available
The full 32-page issue of the APER Year End Review 2007, with full charts and analysis, is now available for US$649 /GB430 / HK$5,065/ SG$1,055 . Please contact us to order.

Subscribe to the Asia Private Equity Review and get two data reviews plus 12 monthly issues for HK$30,810 / US$3,950/ SG$6,200 / GB£2,885.