Data & Intelligence
Emerging Asia Data Insight (Q3 2018)
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data.
Driven by large regional and China-focused vehicles, Emerging Asia fundraising in Q1-Q3 2018 has already reached the highest yearly total since EMPEA began recording fundraising data in 2006. Accounting for 49% of the region’s fundrais-ing thus far this year, China-focused funds raised US$31 billion, more than double the total for 2017. However, regional funds stole headlines in Q3: closing at US$10.6 billion, Hillhouse Capital’s fourth pan-Asia fund is the largest emerging markets private capital fund ever recorded. Similarly, capital invested in Asia in Q1-Q3 2018 is on track to surpass all years on record, driven by increasingly large deals. GPs participated in 32 venture capital (VC) rounds of US$100 million or more in the first three quarters of 2018, half of which closed in Q3 alone—on pace to more than double the number of US$100 million-plus investments in 2017. While investor interest in the region’s flourishing technology ecosystem has led to a boom in venture capital activity over the past few years, VC deal count in Q3 declined by 16%, quarter-on-quarter, as capital accrued to fewer yet larger deals. It remains to be seen whether this quarter represents a temporary dip or signals an impending funding crunch for early-stage startups.
Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited
Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures
David Rubenstein | Co-Founder and Managing Director, The Carlyle Group
Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments
Torbjorn Caesar | Senior Partner, Actis
Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company