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APER0912YE

APER 2009 Year End Review
Institutional Investors
 
  • 278 limited partners (‘LPs’) were known to have made allocations to 146 Asian private equity funds in 2009, a decline of 27.2%, in terms of the number of LPs, compared to that in 2008
  • 342 allocations were known to have been made in 2009, representing a 35.7% reduction compared to that in 2008
  • China’s institutions continued to lead the market by accounting for over half of the number of allocations
  • Banks or financial institutions have substantially reduced their allocations to Asian private equity funds resulting from the global financial crisis

Profile of Institutional Investors - by Location (2009)

Funds
  
  • US$23.1 billion of fresh capital came into the market in 2009, representing a decrease of 53.9% compared to US$50.1 billion raised in 2008, the lowest recorded since 2004
  • With the inflow of the US$23.1 billion in 2009, the aggregate fund pool in the Asian private equity market reached US$282.9 billion
  • The number of funds contributing to the fresh fund pool was 136, a 34.3% decline compared to the 207 recorded in 2008
  • The average fund size declined by 29.8% to US$170 million, from US$242.1 million recorded for 2008, suggesting a sharp adjustment in terms of fund size during the year

Asian Private Equity Fund Pool - Aggregate (2004 - 2009)

Investments
  
  • US$19.1 billion in deal value was transacted, a 57% decline compared to the US$44.4 billion recorded for 2008
  • 505 transactions were known to have been completed in 2009, a 43.2% decline from 889 in 2008
  • The average deal size has decreased to US$42.9 million in 2009, compared to the US$56 million in 2008

Asia: Investment Destinations (2009)

Divestments
  
  • 297 exit processes were recorded, representing a 25.8% increase from the 236 for 2008
  • US$14.7 billion has been returned to investors that surpassed the US$10.1 billion returned in 2008
  • Initial public offerings (‘IPOs’) and/or sales through the secondary market accounted for 61.3% of divestment movements, while trade sales took up 26.3%

Capital Return Profile (2008 & 2009)

The only Year End Review that separately examines trends in

  • Asia (including Japan)
  • China
  • India
    Contents

    A Defining Decade - An Overview of Asian Private Equity in 2009

    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 47 charts are available with the Year End 2009 Review. Some selected charts follow.


    Figure
    Title
    Fig. 1 Asian Private Equity Fund Pool - Aggregate (2000 - 2009)
    Fig. 2 The Billion Dollar Club (2004 - 2009)
    Fig. 3 Five Largest Funds - Buyouts & Growth/Expansion (2004 - 2009)
    Fig. 4 Capital Returned (2004 - 2009)
    Fig. 5 Largest Deals in Buyouts & Growth/Expansion Segment (2000 - 2009)
    Fig. 6 Billion Dollar Returns (2009)
    Fig. 7 China: Growth of Yuan Funds (2006 - 2009)
    charts also for ..
    Asia Including Japan
    China & India

     

    Now Available
    The full 32-page issue of the APER Year End 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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