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APER0906MY

APER 2009 Mid Year Review
Institutional Investors
 
  • 126 limited partners (‘LPs’) were known to have made allocations to 61 private equity funds in the first half of 2009, a drop of 42.7%, in terms of the number of LPs, compared to the same period last year
  • 144 allocations to Asian private equity funds are known to have been made in the first half of 2009, a drop of 45.7% compared to first two quarters of last year
  • The role of Asian governments has become increasingly pronounced, with the percentage of their allocations nearly doubled during the first half of 2009
  • China led in accounting for over half of the total number of allocations, all of which focused solely on domestic funds

Profile of Institutional Investors - by Location (1H/2009)

Funds
  
  • US$9.3 billion of fresh capital has come into the market in the first half of 2009, a decrease of 71.9% compared to the same period in 2008, the lowest amount recorded for a half-year period since 2005
  • Including the US$9.3 billion in fresh capital recorded in the first six months of the year, the aggregate fund pool in Asian private equity has reached US$263.3 billion
  • The average fund size has declined by 57.9% to US$132.6 million, from US$315.0 million recorded in the same period a year ago
  • 70 funds contributed to the fresh capital fund pool in the first half of the year, a 33.3% decrease from the first two quarters of 2008

Asian Private Equity Fund Pool - Aggregate (2004 - 1H/2009)

Investments
  
  • US$8.9 billion in investments were transacted in the first two quarters of 2009, a 72.1% drop compared to the US$32 billion during the same period a year earlier
  • 201 transactions took place during the period, a 61% decline from a year earlier
  • The median deal size for the period was US$10 million

Investment Destinations - Asia (1H/2009)

Divestments
  
  • US$3.4 billion is known to have been returned to investors during the period under survey, marking a decline of 55% from a year earlier
  • There were 81 divestment processes known to have been initiated, a 33.1% decrease to the same period in 2008
  • Median return multiple was 2.2 times, virtually half of the 4.19 times achieved in the same period 12 months earlier

Divestment Profile (1H/2008 & 1H/2009)

The only Mid Year Review that separately examines trends in

  • Asia (including Japan)
  • China
  • India
    Contents

    Summary Points: Institutional Investors, Funds, Investments, Divestments (Asia including Japan)
    Data Overview & Analysis (Asia including Japan)
    Data Overview & Analysis (China)
    Data Overview & Analysis (India)

    Selected Charts

    A total of 34 charts are available with the Mid Year 2009 Review. Some selected charts follow.


    Figure
    Title
    Fig. 1 Profile of Institutional Investors - by Location (1H/2009)
    Fig. 2 Profile of Institutional Investors - by Category (1H/2009)
    Fig. 3 Allocations - by Fund Nature (1H/2008 & 1H/2009)
    Fig. 4 Institutional Investors‘ Direct Investments Profile - (1H/2009)
    Fig. 5 Asian Private Equity Fund Pool - Aggregate (2004 - 1H/2009)
    Fig. 6 Annual Growth of Asian Private Equity Fund Pool (2004 - 1H/2009)
    Fig. 7 Distribution of Private Equity Funds (1H/2008 & 1H/2009)
    Fig. 8 Distribution of Private Equity Fund Pool by Geographical Focus (1H/2009)
    Fig. 9 Asia: Stages of Investment (1H/2008 & 1H/2009)
    Fig. 10 Asia: Deal Nature (1H/2008 & 1H/2009)
    Fig. 11 Investment Destinations - Asia (1H/2009)
    Fig. 12 Asia: Industrial Profile (1H/2009)
    Fig. 13 Asia: Capital Realisation (1H/2008 & 1H/2009)
    Fig. 14 Divestment Profile (1H/2008 & 1H/2009)
    Fig. 15 Asia: Buyouts and Non-buyouts (1H/2009)
    Fig. 16 Asia: Geographic Distribution of Capital Returned (1H/2009)
    charts also for ..
    Asia Including Japan
    China & India

     

    Now Available
    The full 20-page issue of the APER Mid Year Review 2009, with full charts and analysis, is now available for HK$5,065 / US$649 / SG$1055 / GB430. Please contact us to order.

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