Advanced Search

Related News

Home » Business » Finance

Chinese PE funds raised record capital in first 11 months

By Ye Zhen | December 8, 2014, Monday | Online Edition

FUNDS raised by private equity firms in China surged to a record high in the first 11 months this year, according to a private report. A total of 405 PE funds had completed fundraising between January and November, a 23 percent rise from the same period last year, the Beijing-based Zero2IPO Research Center said in a report today.

Capital raised by 381 funds that have revealed their financial figures amounted to US$56.2 billion, representing an 82 percent surge year on year and was the most since 2009, said the report.

Of the new funds, 368 were yuan-denominated and they raised a combined US$42 billion, or 75 percent of the total, compared with US$14.3 billion raised by 37 funds denominated in foreign currencies.

Meanwhile, PE funds sealed 892 investment deals during the period, involving funds worth US$50.4 billion, a 125 percent year on year increase, according to the report.

“The figures reflect a strong investment appetite that was fuelled by the ongoing reform of state-owned enterprises,” said Miao Wangchun, analyst with Zero2IPO.

China has vowed to promote a mixed-ownership reform by diversifying the shareholding structure of SOEs, which opens up opportunities for private funds.

Miao said increasing overseas mergers and acquisitions, active private placement market and a boom of Internet finance also gave a boost to PE funds.

Internet sector attracted the most deal of 129, followed by 104 in the real estate sector and 76 in biotechnology and health-care sector.

In terms of investment value, property sector topped with US$9.5 billion, followed by US$7.3 billion in energy and mineral and US$6.7 in retailers.

BusinessFinance


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend