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PE fund deals fall for second straight quarter
By Louise Ho |
April 6, 2012, Friday
|
Online Edition
Online Edition
TWENTY-EIGHT private equity funds in China finished fundraising in the first quarter, down 36 percent compared to the last quarter, a research report showed today.
The total amount of these funds raised were US$2.9 billion in the first quarter, less than one-fourth of the previous quarter, according to research institute Zero2IPO's report.
Both the volume and value of private equity market deals in China have dropped consecutively in this quarter and the last, the report said.
"A slump in fundraising activity was caused by the Chinese New Year holidays, but more importantly it is caused by a more cautious attitude by investors, tightened market liquidity and increasing difficulty in fundraising by institutions," said Zero2IPO researcher Fu Zhe.
The majority of funds are in yuan, and the report said it is worth noting that foreign institutions such as D. E. Shaw will start preparation for the launch of yuan funds this year. "Foreign fund companies will expand their yuan funds team this year," Fu said.
The total amount of these funds raised were US$2.9 billion in the first quarter, less than one-fourth of the previous quarter, according to research institute Zero2IPO's report.
Both the volume and value of private equity market deals in China have dropped consecutively in this quarter and the last, the report said.
"A slump in fundraising activity was caused by the Chinese New Year holidays, but more importantly it is caused by a more cautious attitude by investors, tightened market liquidity and increasing difficulty in fundraising by institutions," said Zero2IPO researcher Fu Zhe.
The majority of funds are in yuan, and the report said it is worth noting that foreign institutions such as D. E. Shaw will start preparation for the launch of yuan funds this year. "Foreign fund companies will expand their yuan funds team this year," Fu said.
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