pe, china
Can anyone comment on the PE industry in China or Hong Kong? Which U.S. firms have the biggest presence there, size of funds, outlook, etc.
Can anyone comment on the PE industry in China or Hong Kong? Which U.S. firms have the biggest presence there, size of funds, outlook, etc.
+212 | I should have been a marketing girly (a rant) | 78 | 12h | |
+60 | Starting own PE fund as a student | 19 | 1d | |
+41 | Is HBS / Wharton MBA / Stanford GSB worth it? | 16 | 2s | |
+37 | The Morality of PE | 8 | 2h | |
+33 | Sourced company -- now what? | 21 | 12h | |
+33 | Prep On Cycle or Travel | 36 | 2d | |
+30 | Late sending case study | 7 | 4d | |
+28 | Burnt Out 2nd Year Analyst Dreading Move to PE | 1 | 1d | |
+26 | Leaving PE Firm | 8 | 3d | |
+25 | Me bitching... A Rant. | 3 | 6d |
Career Resources
Carlyle just closed a huge RMB fund
Check out this week's Fortune... their is a Q&A with Carlyle's CEO.
He says that most of the people working for Carlyle in China are Chinese nationals taught in American schools.
PE in China is a whole different ballgame.
PE funds in China are run by and full of people with VERY high level connections (i.e. family) in the CCP (government). In order to get business done in China, you first and foremost need to know the right people.
PE is essentially non existent in China, or Asia for that fact. It's just that the market is not as developed as the United States'. Some big funds ventured in Japan, and got torched and are now pulling out.
I would say Asia is really still at the "primitive" stages of ECM and DCM right now. Even M&A activity is low. Banks in HK focus of IPOs, and well, China and HK made up 45% of the world's IPO last year, with around $50.4 billion worth of IPOs, while the US only had 54 IPOs and worth only $24 billion.
http://blogs.wsj.com/deals/2010/01/07/china-took-the-2009-ipo-crown/tab…
These boys are right; China is basically off limits if you don't speak the language and don't have connections. That said, if you get your foot in the door somehow, your gauranteed big money going forward.
Non doloribus facere architecto architecto quae animi. Debitis dolores soluta quam officiis aut consequuntur porro. Quasi voluptas facere eveniet repudiandae eaque. Facere in vel sed iusto molestias et sunt. Nam perspiciatis est eum sed. Perspiciatis aut quidem est provident deserunt modi et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...