Data & Intelligence

China 2021 Data Insight

Rebounding quickly from the pandemic, China VC activity drove private capital investment to USD72b in 2020

Private capital fund managers invested a record USD72b in China in 2020, driven by venture capital (VC) activity. As the first country to experience the outbreak of COVID-19, China enacted strict lockdown measures in the first half of 2020 and launched CNY3.6t (USD500b) of fiscal stimulus, enabling the economy to regain its footing by mid-year. Nearly 70% of the annual investment total was deployed in 2H 2020, led by a resurgence in VC activity following a moderate slowdown in 2019. VC fund managers invested USD48.2b over the course of the year, including eight big-ticket rounds of USD1b or more. Amid the VC bonanza, the USD8.7b take-private buyout of by Warburg Pincus, General Atlantic, and Ocean Link marked the largest private capital deal in 2020.

EMPEA Members can log in to receive exclusive access to the full detailed reports (PDF) and underlying data (Excel)

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company