Pei 147 apac fund guide 16

APAC FUND MANAGER GUIDE 2016

July/August 2016 privateequityinternational.com

2016 APAC FUND MANAGER'S GUIDE

http://privateequityinternational.com

PLATINUM: SEE THE BIGGER PICTURE

We can help you:

» Better position your next fund: detailed information on fund appetite, previous investment history or geography.

» Quickly pinpoint potential new investors: segment LPs according to your criteria to build your shortlist.

» Make contact with the right people: contact details for over 17,000 investment professionals in LP organisations.

» Get the whole story: LP and GP profiles seamlessly linked to news articles and in-depth analysis from our award winning journalists.

A Platinum subscription to Private Equity International gives you access to our comprehensive and fully searchable global database of over 5,100 investors and 5,000 fund managers plus a direct line into our research team for bespoke research.

Let us do your research for youwww.privateequityinternational.com/data

12016 apac fund manager's guide private equity international

APAC FUND MANAGER GUIDE 20162016 APAC FUND MANAGER’S GUIDE

What LPs wantWelcome to the 2016 APAC Fund Manager’s Guide, compiled by the Research and Analytics team at PEI.

Private equity in the Asia-Pacific region is maturing; the region is now replete with

fund managers variously offering size, scale or specialist focus.

This guide is compiled by our analysts using a similar methodology to our various global fund manager rankings, such as the PEI 300: it measures the amount of private equity capital raised over a period of five years. This gives us the best view of which managers have the most ‘heft’ in the market at any one time in terms of capital to invest (and ignores any invested legacy funds that boost headline AUM figures but don’t speak to the firm’s current influence).

The region’s private equity powerhouse – China – continues to attract capital in meaningful quantities from institutional investors around the world. It is home to almost half of the 100 largest private equity managers in the region. These firms – as with those based elsewhere in the region – have successfully persuaded limited partners that they have the necessary qualities to invest their capital for the long term. So what does it take for an APAC manager to raise money?

As Doug Coulter, a partner at Swiss-based investor LGT Capital Partners said at an event in Hong Kong this year, it takes good returns, a deep bench and a focus on institutionalisation, governance and transparency.

“In China historically, we’ve seen a lot of high-profile firm leaders and charismatic individuals who raise funds among themselves, but sometimes don’t share the economics that broadly; that’s led to team instability over time,” Coulter said. “It’s good to have charismatic firm leaders, but how good is the next level of employees down?”

These thoughts were echoed by John Huo, director of private equity of Manulife Financial, who, at the same event, said his firm looks for team stability, evidence of a real succession plan, as well as its ability to evolve with the market.

“China’s a very fast developing environment from a political, regulatory and economic standpoint. It’s critical that teams are able to evolve and to learn from their mistakes – that’s one of the core things that we look for when we talk to GPs.”

There are 15 managers in the directory headquartered outside of the Asia-Pacific region – and three in the top 10. Clearly the opportunities in the region are compelling enough to warrant major investment in building infrastructure and raising dedicated vehicles by global managers. However, the fact that these global ‘mega brands’ do not dominate the top end – the top four managers are home-grown in either mainland China or Hong Kong – is telling: LPs value the local heritage. Those firms that can combine this with the institutional strengths that LPs desire have a recipe for great success.

We hope you find the intelligence in this guide useful.

The PEI team

PEI Research & AnalyticsDan GunnerDirectorT: +44 20 7566 5423 E: [email protected]

Shawn WangResearch Manager+852 2153 [email protected]

Daniel Humphrey RodriguezResearch Manager+44 20 7566 [email protected]

Senior Editor, Private Equity

Toby MitchenallTel: +44 20 7566 [email protected]

Head of Advertising

Alistair RobinsonTel: +44 20 7566 [email protected]

Head of Production

Tian Mullarkey+44 207 566 [email protected]

Subscriptions and Reprints

Andre Anderson+1 646 545 6296 [email protected]

Jack Griffiths+44 20 7566 [email protected]

Sigi Fung+852 2153 3140 [email protected]

Group Managing EditorAmanda Janis, [email protected]

Editorial DirectorPhilip Borel, [email protected]

Publishing DirectorPaul McLean, [email protected]

Chief ExecutiveTim McLoughlin, [email protected]

Managing Director — AmericasColm Gilmore, [email protected]

Managing Director — AsiaChris Petersen, [email protected]

ContributorsRaymond Lau Chun FaatCynthia Yip

EDITOR'S LETTER

mailto:[email protected]















2 private equity international 2016 apac fund manager's guide

APAC FUND MANAGER GUIDE 2016 2016 APAC FUND MANAGER’S GUIDE

What is PEI APAC fund manager’s guide?The Guide is a directory and a ranking of the top private equity fund managers by their fundraising for Asia-Pacific region. It shares the sim-ilar methodology with PEI300, our annual ranking of the top private equity fund managers globally.

The Guide measures capital raised, or formed, within a five-year window by Asia-Pacific-focused direct-investment private equity programmes. It includes private equity firms that invest in Asia-Pa-cific region with varying structures and strategies. Please note that only a defined type of private equity capital, described below, is counted in determining the Guide’s rankings.

HOW WE DETERMINE THE GUIDE’S RANKING

The Guide’s rankings are based on the amount of private equity direct-in-vestment capital raised by Asia-Pacific-focused private equity programmes over a roughly five-year period leading up to press time. This year, the five-year window spans from 1 January 2011 until 31 March 2016.

Where two firms have raised the same amount of capital over this time period, the higher rank goes to the firm with the largest active pool of capital raised since 2011 (i.e., the biggest single fund). If there is still a ‘tie’ after taking into account the size of a single fund, we give greater weight to the firm that has raised the most capital within the past one or two years.

ACCURACY AND CONFIDENTIALITY

We give highest priority to information that we receive from or confirm with the private equity firms themselves. When private equity firms confirm details, we seek to ‘trust but verify’. Some details simply cannot be verified by us, and in these cases we defer to the honour system. Lacking confirmation of details from the firms themselves, we seek to corroborate information using firms’ websites, press releases, limited partner disclosures, etc.

DEFINITIONS

To answer this question – How much Asia-Pacific-focused private equity capital has your firm raised since 1 January 2011? – Some definitions are required.• Private equity: For purposes of the Guide, the definition of pri-

vate equity is capital raised for a dedicated programme of investing directly into businesses. This includes equity capital for diversified private equity, buyouts, growth equity, venture capital, and turnaround or control-oriented distressed investment capital. Further rules on this are below.

• Asia-Pacific: We only count the pools of capital that invests solely in the Asia-Pacific region. Vehicles with global or multi-regional invest-ment mandates will NOT be counted.

• Capital raised: This means capital definitively committed to a pri-vate equity direct investment programme. In the case of a fundraising, it means the fund has had a final or official interim close after 1 January 2011. You may count the full amount of a fund if it has a close after this date. And you may count the full amount of an interim close (a real one, not a ‘soft-circle’) that has occurred recently, even if no official announcement has been made. We also count capital raised through other means, such as co-investment vehicles, deal-by-deal co-investment capital, publicly traded vehicles, recycled capital, and earmarked annual contributions from a sponsoring entity. Further rules on this are below.

WHAT COUNTS AS PRIVATE EQUITY?

• Diversified private equity: So long as the fund in question pri-marily is targeted at acquiring private stakes in operating businesses, this is a ‘private equity’ fund for the purposes of the Guide.

• Buyouts

• Growth equity

• Venture capital

• Turnaround or control-oriented distressed investment capital: We only count distressed funds if they primarily pursue a control strategy. Where a fund adopts a hybrid strategy with a mix of distressed equity and credit investments, we reserve the right to make the final judgement based on applicability according to our definition.

WHAT DOES NOT COUNT AS PRIVATE EQUITY?

• Funds of funds: In the case of a fund that is primarily a fund of funds programme, we would only count direct investment capital raised, if any.

• Secondaries: We do not count capital raised for funds primarily focused on secondaries strategies. A fund that has a few secondaries investments may be counted.

• Real estate: We do not count capital raised for funds primarily focused on real estate strategies. A fund that has a few real estate investments may be counted.

• Infrastructure: We do not count capital raised for funds primarily focused on infrastructure investment strategies. A fund that has a few infrastructure investments may be counted.

• Hedge funds: We do not count hedge funds, meaning funds that primarily target liquid securities or trading strategies. Some hedge funds have target allocations to private equity deals – we do not

METHODOLOGY



count these. We do count private equity capital formed in strictly segregated fashion in a hedge fund if these pools of capital are brought to our attention.

• Opportunistic investors: As with many hedge funds, some large enti-ties have the ability to do private equity deals on an opportunistic basis. We do not count these groups because there is no hard capital allo-cation to their direct-investment programmes.

• Debt, including mezzanine debt funds: We only count equity investment funds for the Guide. All debt funds, including mezzanine debt funds, will not be counted towards the Guide.

• PIPE investments: The Guide counts capital raised for investment in private companies. Therefore, we do not count capital raised primarily for PIPE deals. A fund that has a few PIPE deals may be counted.

WHAT COUNTS AS CAPITAL RAISED?

• Limited partnerships: In most cases, private equity firms raise money through commitments to limited partnerships. In some cases, investment capital is raised in other ways, for example through con-tributions from an affiliated entity or through public offerings. In all these cases we seek to accurately determine how much investment capital has been created for the financial sponsor in question over the specified five-year period.

• Co-investment capital: Where possible and appropriate, we count co-investment vehicles as well as opportunistic co-investment capital raised by private equity sponsors. In deals where multiple sponsors have raised co-investment capital, you should count only your firm’s pro-rata share of the co-investment capital raised. (In other words, if your firm and three other firms raise $1 billion in LP co-investment capital for a deal, you cannot count the whole $1 billion as yours.) You do not need to name the individual deals for which co-investment capital was raised, although we would appreciate this information.

• Separate accounts: We include capital raised for separate accounts, as long as the fund manager has full discretion over all investments.

• Public entities: We count the capital raised by private equity firms that happen to be publicly traded. We also count capital raised in the format of public vehicles controlled by private equity firms so long as those public entities commit capital primarily to direct pri-vate equity programmes. This should automatically take into account recycled capital.

• Seed capital or GP commitment: You may count as capital raised any seed capital committed to any fund raised by your firm.

• Recycled capital: We seek to include the value of recycled capital within the five-year period if the recycled capital was earmarked for direct private equity investment.

• Affiliated programmes: You may count private equity capital raised by affiliated entities so long as your firm has control over those entities, or the vehicles raised bear the clear branding of your firm.

• Contributions from sponsoring entities: Where a larger entity has earmarked capital to your firm for a dedicated, direct private equity programme, you should count the amount of capital your firm has drawn down from that entity for direct private equity deals over the defined five-year period.

WHAT DOES NOT COUNT AS CAPITAL RAISED?

• Expected capital commitments: No matter how confident you are about your eventual fundraising goals, we do not count ‘soft-‘ or ‘hard-circled’ commitments – only official final and interim closes.

• Opportunistic capital: An entity that has the ability to opportun-istically do large private equity deals, but does not have a dedicated programme or team for doing so, will not be counted. In other words, a large group that has the ability to tap $40 billion in equity won’t be counted unless that equity has been segregated into a specific vehicle or programme and assigned a dedicated private equity direct-investment team which is actively scouting for deals.

FINDINGS

One hundred private equity fund managers from 11 countries comprise this year’s PEI APAC Fund Manager’s Guide. China, Hong Kong and the United States are home to most of these firms and occupy all of the first 10 spots in the ranking. Forty fund managers on the ranking are China-headquartered, leading by Hony Capital. Sixteen firms are based in Hong Kong, including three of the top four firms on our list – RRJ Capital, Baring Private Equity Asia and PAG. Thirteen firms are from the U.S., most of which are well known global investors such as Kohlberg Kravis Roberts (KKR), Bain Capital, The Carlyle Group and TPG.

From January 2011 to March 2016, the top 100 fund managers together corralled a total of $181 billion for their qualified investment vehicles dedicating to investments in Asia-Pacific region. China alone attracted $76 billion country-focused capital. It is followed by South Korea and India which have attracted approximately $11 billion for each. The largest fundraising in this period was the $6 billion KKR Asian Fund II which was closed in June 2013 as the largest-ever pan-Asian private equity fund. It is followed by RRJ Capital III which was closed in September 2015 at $4.5 billion, Baring Asia Private Equity Fund VI which reached nearly $4 billion final close in February 2015, and Carlyle Asia Partners IV which was closed in September 2014 with a size of $3.9 billion.

In the first quarter of 2016, the largest final close comes from the $920 million Sequoia Capital India V. The largest interim close is by Hony Capital which has raised $1.5 billion for its Fund VIII as of the Guide’s cut-off date. By the end of April, Hony has raised $2.2 billion for the fund as well as a $500 million parallel separate account. n

More questions? Contact Shawn Wang at [email protected] or +852 2153 3247




NO. OF MANAGERS BY HEADQUARTERS

CAPITAL RAISED BY YEAR ($BN) CAPITAL RAISED BY STRATEGY

40

35

30

25

20

15

10

5

0

$50

$45

$40

$35

$30

$25

$20

$15

$10

$5

$0

China

2011 2012 2013 2014 2015 2016 (as of

31 March)

IndiaUnited States

Singapore FranceHong Kong

Australia MalaysiaSouth Korea

Japan UK

No

. of m

anag

ers

$bn

$bn

Source: PEI Research and Analytics

Source: PEI Research and Analytics Source: PEI Research and Analytics

40

16

$46.6

$28.7$26.7

$32.7

$39.6

$3.5

13

9

65

43 2

1 1

COUNTRY-FOCUSED FUNDRAISING ($BN)

$80

$70

$60

$50

$40

$30

$20

$10

%0China South

KoreaIndia Aus/

NZJapan


$75.9

$11.0 $10.5

$5.0 $4.3

Buyout $87.4bnGrowth/VC $86.0bn

Distressed $3.2bn Others $0.9bn

Top 100



2016 Rank Fund Manager PEI APAC Fund Manager’s Guide Fundraising ($mn) Headquarters

1 RRJ Capital $10,400 Hong Kong

2 Baring Private Equity Asia $6,440 Hong Kong

3 Hony Capital $6,232 China

4 PAG $6,160 Hong Kong

5 Kohlberg Kravis Roberts (KKR) $6,000 United States

6 The Carlyle Group $5,167 United States

7 Bain Capital $5,000 United States

8 Affinity Equity Partners $4,180 Hong Kong

9 CITIC Private Equity Funds Management $4,168 China

10 CDH Investments $3,973 Hong Kong

11 TPG $3,592 United States

12 CVC Capital Partners $3,495 United Kingdom

13 Taoshi Equity Investment Management $3,100 China

14 Primavera Capital Group $2,893 China

15 China Development Bank (CDB) $2,856 China

16 YunFeng Capital $2,805 China

17 IDG Ventures $2,682 United States

18 Hahn & Co. $2,681 South Korea

19 MBK Partners $2,680 South Korea

20 Sequoia Capital $2,676 United States

21 Boyu Capital $2,500 Hong Kong

22 Northstar Group $2,062 Singapore

23 Shanghai International Group (SIG, Sailing Capital) $2,008 China

24 Hillhouse Capital Management $2,000 China

25 Morgan Stanley Investment Management $1,979 United States

26 Equis $1,956 Singapore

27 Shunwei Capital Partners $1,909 China

28 Macquarie Group $1,900 Australia

29 Qiming Venture Partners $1,848 China

30 GGV Capital $1,832 United States

31 Multi Asset Global Investment (formerly KDB Asset Management) $1,825 South Korea

32 Legend Capital $1,785 China

33 Pacific Equity Partners $1,720 Australia

34 New Horizon Capital $1,594 Hong Kong

35 Archer Capital $1,588 Australia

36 Navis Capital Partners $1,575 Malaysia

37 Orchid Asia $1,570 Hong Kong

38 Yanchang Petroleum Group $1,566 China

39 Trustbridge Partners $1,564 China

40 Matrix Partners $1,500 United States

41 SAIF Partners $1,475 Hong Kong

42 Morningside Ventures $1,463 China

43 GP Capital $1,428 China

44 Farallon Capital Management $1,425 United States

45 Development Bank of Japan (DBJ) $1,401 Japan

46 Fosun Capital Group $1,386 China

47 Anchor Equity Partners $1,350 Hong Kong

48 FountainVest Partners $1,350 Hong Kong

49 SSG Capital Management $1,315 China

50 Everstone Capital $1,310 Singapore

Top 100



2016 Rank Fund Manager PEI APAC Fund Manager’s Guide Fundraising ($mn) Headquarters

51 Bright Stone (Beijing) Investment Management $1,291 China

52 Goldstone Investment $1,271 China

53 JP Morgan Asset Management $1,208 United States

54 China Merchants Capital $1,183 China

55 Q Capital Partners $1,152 South Korea

56 Crescent Capital Partners $1,119 Australia

57 Hopu Investment Management $1,100 China

58 Multiples Alternate Asset Management (Multiples Private Equity) $1,095 India

59 CITIC Capital $1,030 Hong Kong

60 Japan Industrial Solutions $1,020 Japan

61 Tata Capital $1,020 India

62 China Everbright Investment Management $1,013 Hong Kong

63 China-ASEAN Capital Advisory Company $1,000 Hong Kong

64 Inventis Investment Holdings (China) $1,000 China

65 L Capital Management $980 France

66 Ascendent Capital Partners (Asia) Limited $965 Hong Kong

67 Unison Capital $890 Japan

68 Blue Economy Zone Industrial Fund Management $866 China

69 ChrysCapital $860 India

70 China International Capital Corporation $855 China

71 STIC Investments $855 South Korea

72 Nexus Venture Partners $850 India

73 Softbank China Venture Capital $845 China

74 ICICI Venture $825 India

75 Haitong Securities $818 China

76 Banyan Capital $809 China

77 Harvest Fund Management $800 China

78 Vision Knight Capital $800 China

79 Agricultural Bank of China $796 China

80 TaiKang Asset Management $794 China

81 The Blackstone Group $793 United States

82 Aerospace Industry Investment Fund Management $780 China

83 Guangdong Zhongguang Investment Management $775 China

84 BOC Yuecai Private Equity $775 China

85 Yellow River Delta Industry Fund Management $775 China

86 KB Investment $773 South Korea

87 Goldman Sachs Merchant Banking Division $771 United States

88 Quadrant Private Equity $764 Australia

89 Woori Asset Management $750 South Korea

90 China Science & Merchants Investment (Fund) Management (CSMI) $742 China

91 Shinhan Private Equity $730 South Korea

92 Creador $712 Malaysia

93 India Value Fund Advisors $700 India

94 Summitview Capital $663 China

95 IMM Private Equity $642 South Korea

96 China Culture Industrial Investment Fund Management $636 China

97 Cinda Capital $635 China

98 Shenyang Darui Investment Management Company $620 China

99 Olympus Capital Holdings Asia $607 Hong Kong

100 Saratoga Capital Group $600 Singapore


RRJ CAPITAL

HONY CAPITAL

BARING PRIVATE EQUITY ASIA

PAG

1

3

2

4

Latest final / interim closes




Total AUM: USD11 billion (as of Dec 2015)Global HQ: 802-804, Man Yee Building, 68 Des Voeux Road, Central, Hong KongTel: +852 3915 6222Web: www.rrjcap.com

Year Founded: 2011Fund Strategy: BuyoutSector Focus: Financial Services, Consumer Goods, Agriculture, Natural Resources

Total AUM: CNY65 billion (as of May 2016)Global HQ: 6th floor, South Tower C, Raycom InfoTech Park, No. 2, Ke Xue Yuan Nan Lu, Haidian District, Beijing, ChinaTel: +86 10 8265 5888Web: www.honycapital.com

Year Founded: 2003Fund Strategy: BuyoutSector Focus: Consumer, Healthcare, Service, Industrials

Total AUM: USD10 billion (as of Mar 2016)Global HQ: Suite 3801, Two International Finance Centre, 8 Finance Street, Hong KongTel: +852 2843 9300Web: www.bpeasia.com

Year Founded: 1997Fund Strategy: GrowthSector Focus: Diversified

Total AUM: USD14.5 billion (as of Feb 2016)Global HQ: 15/F, AIA Central, 1 Connaught Road Central, Hong KongTel: +852 2918 0088Web: www.pagasia.com

Year Founded: 2002Fund Strategy: BuyoutsSector Focus: Diversified

Fund Name Fund Amount (mn) Primary Strategy

RRJ Capital III USD4,500 Buyout

RRJ Capital II USD3,600 Buyout

RRJ Capital USD2,300 Buyout


Hony PE RMB Fund II CNY10,000 Buyout

Hony Fund V USD2,368 Buyout

Hony Capital Fund VIII (a separate account included) USD2,700 (as of Apr 2016) Buyout


Baring Asia Private Equity Fund VI USD3,980 Growth

Baring Asia Private Equity Fund V USD2,460 Growth


PAG Asia Capital II USD3,660 Buyout

PAG Asia Capital I USD2,500 Buyout

For an extended profile, see page 9

http://www.rrjcap.com

http://www.honycapital.com

http://www.bpeasia.com

http://www.pagasia.com


KOHLBERG KRAVIS ROBERTS (KKR)

THE CARLYLE GROUP

AFFINITY EQUITY PARTNERS

5

6

8




Total AUM: USD126 billion (as of Mar 2016)Global HQ: 9 West 57th Street, Suite 4200, New York, United StatesTel: +1 212 750 8300Web: www.kkr.com

Year Founded: 1976Fund Strategy: Growth, BuyoutSector Focus: Diversified

Total AUM: USD183 billion (as of Mar 2016)Global HQ: 1001 Pennsylvania Avenue, NW, Washington DC, United StatesTel: +1 202 729 5626Web: www.carlyle.com

Year Founded: 1987Fund Strategy: Growth, Buyout, Distressed / TurnaroundSector Focus: Diversified

Total AUM: USD8 billionGlobal HQ: Suite 4002, 40th Floor One Exchange Square, 8 Connaught Place Central, Hong Kong Tel: +852 3102 8329Web: www.affinityequity.com

Year Founded: 2004Fund Strategy: Buyout, GrowthSector Focus: Financial Services, Consumer Goods, Healthcare, TMT, Business Services


KKR Asian Fund II USD6,000 Buyout


Carlyle Asia Partners IV USD3,880 Buyout

Carlyle Japan Partners III JPY119,500 Buyout


Affinity Asia Pacific Fund IV USD3,800 Buyout

BAIN CAPITAL7


Total AUM: More than USD75 billionGlobal HQ: 200 Clarendon Street, Boston, United StatesTel: +1 617 516 2000Web: www.baincapital.com

Year Founded: 1984Fund Strategy: Growth, BuyoutSector Focus: Diversified (Bain Capital Private Equity, Bain Capital Credit, Bain Capital Ventures, Bain Capital Public Equity)


Bain Capital Asia Fund III USD3,000 Buyout

Bain Capital Asia Fund II USD2,000 Buyout


http://www.kkr.com

http://www.carlyle.com

http://www.affinityequity.com

http://www.baincapital.com


HO

NY

CA

PIT

AL

FUNDS IN MARKET

FIRM BACKGROUNDHony Capital is a leading China-focused buyout private equity firm with investment history dated from 2003. As of now, we manage eight Private Equity funds and two Mezzanine funds totalling around CNY65 billion. We have made more than 90 investments from our private equity funds to date, across sectors of consumer, healthcare, services and industrials.

Hony strategically targets opportunities in Chinese State-Owned Enterprise (“SOE”) Marketization and has long been the undisputed leader in this area in China, having invested more than US$2.5 billion in 25 SOEs with more than 4.0x Multiple of Capital achieved from realized investments in SOE. We have developed and built sector management platforms for buyout investment in restaurant and hospital respectively. We also recognize and capture systemic opportunity featured by the shift from gathering global capital and investing in Chinese enterprises to bilateral cross-border M&As and serving the Chinese market.

Value creation is the core philosophy behind Hony’s investment strategy. Our strong in-house capabilities experienced in the China market from our consulting teams, portfolio management specialists, interim CXOs and operating partners have created and will be creating unique value for our portfolio companies in operation, management, strategy and development.

As a country manager in China, we have established our brand as a reputable, resourceful and reliable partner. The connections and resources of our Hony franchise and access to the broader network of our sponsor, Legend Holdings, have contributed to our strong sourcing and value creation capabilities.

Through more than 13 years of investment practice across all economic cycles, we have built-up our China Expertise. Since our establishment, we have been sourcing proprietary opportunities, partnering with visionary management teams, innovating compelling transaction models, building industry leaders, and creating value across a selected range of industries and geographic regions.

We have a team of 180 professionals located in our Beijing, Shanghai and Hong Kong offices. Our investment team has in-depth industry knowledge and are supported by our highly institutionalized platform, our consulting professionals and sector operating specialists.

CONTACTSContact Office Title Email

Xihong DENG Beijing Managing Director, Investor Management Department [email protected]

Jiong GU Beijing Director, Investor Management Department [email protected]

YEAR FOUNDED

INVESTMENT STRATEGY

SECTOR FOCUS

2003

Buyout

Consumer, Healthcare, Service, Industrials

AUM: CNY65 billion (as of May 2016)Global HQ 6th floor, South Tower C, Raycom InfoTech Park, No. 2, Ke Xue Yuan Nan Lu, Haidian District, Beijing, ChinaTel: +86 10 8265 5888 Web: www.honycapital.com

Fund Name Fund Amount (mn) Fund Strategy

Hony Capital Fund I USD38 Buyout

Hony Capital Fund II USD88 Buyout

Hony Capital Fund III USD580 Buyout

Hony Capital Fund 2008 USD1,398 Buyout

Hony Capital RMB Fund I CNY5,000 Buyout

Hony Capital RMB Fund II CNY10,000 Buyout

Hony Capital Fund V USD2,368 Buyout

Hony Capital Fund VIII (a separate account included) USD2,700 (as of Apr 2016) Buyout

Hony Capital Mezzanine Fund I CNY1,040 Mezzanine

Hony Capital Mezzanine Fund II CNY2,050 Mezzanine

3



http://www.honycapital.com


CITIC PRIVATE EQUITY FUNDS MANAGEMENT

TPG

CDH INVESTMENTS

CVC CAPITAL PARTNERS

9

11

10

12





Total AUM: CNY45 billion Global HQ: 10/F Jinbao Tower No. 89, Jinbao Street, Dongcheng District, Beijing, ChinaTel: +86 10 8507 9001Web: www.citicpe.com

Year Founded: 2008Fund Strategy: Growth, Buyout, Mezzanine / DebtSector Focus: Diversified

Total AUM: USD74.3billion (as of Jun 2015)Global HQ: 301 Commerce Street, Suite 3300, Fort Worth, United StatesTel: +1 817 871 4000Web: www.tpg.com

Year Founded: 1992Fund Strategy: Growth, Buyout, Distressed / TurnaroundSector Focus: Diversified

Total AUM: USD19.6 billion (as of Jun 2015)Global HQ: 1503 International Commerce Center, 1 Austin Road West, Kowloon, Hong KongTel: +852 3518 8000Web: www.cdhfund.com

Year Founded: 2002Fund Strategy: Growth, Buyout, Venture Capital, Mezzanine / DebtSector Focus: Consumer Goods, Clean Tech / Renewable, Healthcare, Retail, TMT

Total AUM: USD71 billionGlobal HQ: 111 Strand, London, United KingdomTel: +44 20 7420 4200Web: www.cvc.com

Year Founded: 1981Fund Strategy: Growth, Buyout, Mezzanine / DebtSector Focus: Diversified


CPE China Fund II USD1,290 Growth

CITIC Private Equity Fund III CNY11,900 Growth

CPE China Fund USD990 Growth


TPG Asia VI USD3,270 Distressed / Turnaround


CDH RMB VC II CNY457 Growth

CDH Fund V USD2,550 Buyout

CDH Venture Partners III USD106 Venture Capital


CVC Asia Pacific Fund IV USD3,495 Growth

http://www.citicpe.com

http://www.tpg.com

http://www.cdhfund.com

http://www.cvc.com


BA

IN C

AP

ITA

L

FIRM BACKGROUNDBain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with more than $75 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity and venture capital. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.

Jonathan Zhu, Managing Director, Private EquityDavid Gross-Loh, Managing Director, Private Equity Jim Hildebrandt, Managing Director (Investor Relations), Private Equity

KEY PERSONNEL

YEAR FOUNDED

INVESTMENT STRATEGY

SECTOR FOCUS

1984

Growth, Buyout (Private Equity)

Diversified (Bain Capital Private Equity, Bain Capital Credit, Bain Capital Ventures, Bain Capital Public Equity)


Bain Capital Asia Fund III USD3,000 Buyout

Bain Capital Asia Fund II USD2,000 Buyout

Bain Capital Asia Fund I USD1,000 Buyout

AUM: More than USD75bn (across asset classes)Global HQ: 200 Clarendon Street, Boston, United StatesTel: +1 617 516 2000 Asia HQ: Unit 5101, 51/F, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong Tel: +852 3656 6800Web: www.baincapital.com

7

TAOSHI EQUITY INVESTMENT MANAGEMENT

PRIMAVERA CAPITAL GROUP

13

14



Total AUM: CNY20 billionGlobal HQ: Room 205, Block 16, 600 Minsheng Road, Pudong, Shanghai, ChinaTel: - Web: -

Year Founded: 2010Fund Strategy: GrowthSector Focus: Energy / Oil & Gas, Natural Resources

Total AUM: USD2.9 billionGlobal HQ: 48/F, China World Tower 3, 1 Jian Guo Men Wai Avenue, Beijing, ChinaTel: +86 10 8559 8988Web: www.primavera-capital.com



Taoshi Energy Equity Investment Fund I CNY20,000 Growth


Primavera Capital RMB Fund I (Chunhua RMB Fund I) CNY3,030 Growth

Primavera Capital Fund II USD400 Growth

http://www.baincapital.com

http://www.primavera-capital.com


NA

VIS

CA

PIT

AL

PAR

TNE

RS

FUNDS IN MARKET

FIRM BACKGROUNDNavis Capital Partners (“Navis”) has a well-established track record of making controlling investments in Asia, particularly in private enterprises with a strong or developing presence in Southeast Asia, Australia and China/Hong Kong.

The firm manages several private and public equity funds totalling US$ 5 billion. Our investors are national, state and corporate pension funds, insurance companies, corporations and foundations, as well as high net worth individuals and family offices. The investor base is distributed evenly between North America, Europe and Asia/MENA.

Navis acquires control of its portfolio companies and has made over seventy controlling investments since inception in 1998. All Navis’ portfolio companies are intended to be leaders or near leaders in their respective industries and segments with a clear competitive advantage that makes them attractive to trade buyers. Navis has completed over 40 exits, almost all have been to trade buyers and none have been via the more unpredictable IPO route.

Navis works in a close partnership with the founders and management teams of the portfolio companies, contributing both capital and management expertise with the objective of directing strategic, operational and financial improvements, typically through initiatives that drive growth, margin improvement and asset efficiency. Navis is committed to improving the ‘Environmental, Social and Governance’ (“ESG”) practices of its portfolio companies, and has proven beyond internal doubt that ESG can be an important lever for value creation. Navis’ investment model places a low reliance on leverage to drive its equity returns.

Navis is one of the largest and most experienced private equity teams in Asia with over 60 professionals that are supported by over 30 administrative staff. Navis’ team of private equity professionals collectively constitute a strong combination of strategic, operational and financial experience from positions in management consultancy, private equity, investment banking, securities analysis, leveraged finance, legal and industry. Navis’ teams are regionally distributed and work across eight offices throughout the Asia Pacific region – in Bangkok, Ho Chi Minh, Hong Kong, Kuala Lumpur, Mumbai, Singapore, Shanghai and Sydney. Our deep local presence across Asia Pacific affords the firm unmatched insight into investment opportunities across the region and ensures that Navis has the capability to actively drive the growth of our portfolio companies both domestically and across (and where appropriate, outside of) the region.

KEY PERSONNEL Contact Office Title Email

Nicholas Bloy Kuala Lumpur Managing Partner [email protected]

Rodney Muse Kuala Lumpur Managing Partner [email protected]

YEAR FOUNDED

INVESTMENT STRATEGY

SECTOR FOCUS

1998

Control in Growth and/or Buyout Opportunities

Consumer GoodsEducationHealthcare

ManufacturingRetail

AUM: US$ 5 billion (inc public equities funds)Global HQ Level 17, Axiata Tower9 Jalan Stesen Sentral V50450 Kuala Lumpur, MALAYSIATel: +603 2302 3888 Web: www.naviscapital.com

Private Fund Platform (US$m)

Fund(s) Vintage Equity Raised (US$m) Locations targeted Status

Fund I/II 1999 $68 ASEAN Exited

Fund III 2001 $86 ASEAN/Australia/India Exited

Fund IV 2004 $315 ASEAN/Australia/India/China Fully Invested

NAF V 2007 $1000 ASEAN/Australia/India/China Fully invested

NAF VI 2009 $1200 ASEAN/Australia/India/China Fully invested

NAF VII 2013 $1500 ASEAN/Australia/China Investing

36



http://www.naviscapital.com


Navis has completed over seventy control investments. We know that a control position provides Navis the platform to create and drive the strategic agenda with management, support key initiatives, intervene decisively if performance is off-track, and to drive the exit process. This strategy has delivered good liquidity and returns for our investors and Navis.

Navis’ approach to investing will remain largely unchanged, albeit benefiting from both positive and negative lessons learned over the last 18 years. An emerging investment theme is to selectively back Asian companies to take advantage of opportunities outside of Asia, as well as to help non-Asian companies with an Asian beachhead or opportunity. Whether an opportunity is outbound from, or inbound to Asia, Navis’ multinational, multicultural and multilingual

capability can assist management teams to navigate the complexities of growing and succeeding in international markets.

Navis will continue to improve the focus and rigour applied to ESG issues to ensure practices are world class, a proven driver of shareholder value.

Navis’ geographic footprint is focused on the countries of Southeast Asia, Australia and China. An office will open in Indonesia within the next 24 months, and we are considering the merits of establishing a European and/or US capability for investment sourcing and portfolio company support.

Navis is 100% owned by its working partners, and every professional and support staff member of the firm enjoys an entitlement to carried interest.

STRATEGIC CORPORATE DEVELOPMENT

INVESTMENT PRINCIPLES & STRATEGYNavis is a controlling investor in order to be i) in a position to drive an ambitious value-creation agenda; and ii) able to exit to trade buyers (who typically want to buy 100% of any company they acquire), and thereby eliminate the typical private equity reliance on unpredictable and often illiquid public markets.

In the case of Navis’ earlier funds, where our impact has been felt the longest, approximately three-quarters of the value that Navis created is derived through increasing the profits of our portfolio companies, rather than through financial leverage. Navis’ portfolio companies generally enjoy multiple expansion between entry and exit, which we attribute not to serendipitous timing, but to an improved competitive position and the development of high standards of ESG practice, both

of which command a premium from demanding MNC buyers. Navis targets established mid-market companies with leadership

or near-leadership positions in their respective industry segments. These companies generally have strong, profitable foundations, but typically lack certain key attributes required to transition to a higher level of size, sophistication and geographic scope. Navis provides financial and intellectual capital towards initiatives that target growth, asset efficiency, margin improvement and enhanced cash generation. Navis professionalizes these companies by strengthening management teams and committing them to ESG practices which are increasingly important for companies to be able to participate in a global environment.

SECTOR FORECAST

Navis believes that Southeast Asia provides attractive opportunities for private equity investing. The economies of the region have outperformed the US and Europe almost continuously for thirty years in terms of GDP growth, emerging as one of the world’s fastest growing regions. Navis believes that the long term growth profile of Southeast Asia continues to be attractive as trade linkages within and across the region continue to strengthen.

The region’s continued industrialisation and urbanization is estimated to see a further 100 million people move into urban areas within the next decade. This shift will sustain sizable investment into infrastructure, housing and commercial space. Development of this scale will continue to move the region’s labour force away from agriculture and into the higher value adding and more productive manufacturing and services sectors. Growth will come not only from industries that service infrastructure development, such as industrial products and equipment, but also from industries such as FMCG, retail, healthcare and education that cater to an enlarging consumer class with increasing affluence.

With this, we expect that Southeast Asia will become increasingly interconnected with the global economy and should see greater share of global trade flows. The ‘ASEAN Economic Community’ integration plan is increasing regional trade flows and enabling cross-border growth catalysed by the creation of a single market

with a fast-growing population of ~ 650 million relatively young, literate and increasingly affluent people. With various bi-lateral and multi-lateral trade agreements already underway (including ‘ASEAN + 3’ and the ‘Trans-Pacific Partnership Agreement’, selected economies in the region are well-placed to increase their share of export markets, particularly to the United States and Japan. We expect that economies within the region will continue to increase the coverage of their free trade agreements, especially with the European Union and economies in the MENA region. Geographically, Southeast Asia is also ideally located to be buoyed by the growth of its neighbours India and China.

The positive macro environment within Southeast Asia creates sizable opportunities for enterprise as well as intensifies the level of competition throughout the region. Local market leaders have the opportunity to go regional and use the newfound scale of an interconnected ASEAN to challenge globally but will need to contend with increased competition from other regional operators and foreign multi-nationals.

The need for private equity in the region has never been greater. Many enterprises are at a stage of generational change, as first generation entrepreneurs enter retirement, and many others require significant capital to invest to build capacity as well as improve productivity.


IDG VENTURES

CHINA DEVELOPMENT BANK (CDB)

HAHN & CO.

YUNFENG CAPITAL

17

15

18

16




Total AUM: USD6.8 billion (as of Mar 2015)Global HQ: One Letterman Drive, Building D, Suite 100, The Presidio of San Francisco, San Francisco, United StatesTel: +1 415 439 4420Web: www.idgventures.com

Year Founded: 1992Fund Strategy: Venture Capital, GrowthSector Focus: Biotech / Life Science, Energy / Oil & Gas, Healthcare, TMT

Total AUM: -Global HQ: No. 18 Fuxingmennei Street, Xicheng District, Beijing, ChinaTel: +86 10 6830 6789Web: www.cdb.com.cn


Total AUM: USD3 billion (as of Dec 2015)Global HQ: Hahn & Company, 21 F Ferrum Tower, 19, Eulji-ro 5-gil, Jung-gu, Seoul, South KoreaTel: +82 2 6353 7900Web: www.hcompany.com

Year Founded: 2010Fund Strategy: BuyoutSector Focus: Diversified

Total AUM: USD2.8 billion (Est.)Global HQ: Room 3501, 35th floor, K. Wah Centre, No. 1010, Middle Huaihai Rd., Shanghai, ChinaTel: +86 21 3127 0909Web: www.yfc.cn

Year Founded: 2010Fund Strategy: Venture Capital, GrowthSector Focus: Consumer Goods, Clean Tech / Renewable, TMT, Entertainment


IDG-SMBA VC Fund KRW100,000 Venture Capital

IDG China Venture Capital Fund IV USD586 Venture Capital


Hahn & Co II USD1,230 Buyout


CDB Development Fund CNY18,000 Buyout


YunFeng Capital Fund II USD1,100 Growth

YunFeng Capital Fund I (USD & RMB Funds) CNY10,000 Growth


http://www.idgventures.com

http://www.cdb.com.cn

http://www.hcompany.com

http://www.yfc.cn


Total AUM: USD10.1 billion (as of Apr 2016)Global HQ: 22F, D Tower D1, 17 Jongno 3-gil, Jongno-gu, Seoul, South KoreaTel: +82 2 3706 8600Web: www.mbkpartnerslp.com

Year Founded: 2005Fund Strategy: BuyoutSector Focus: Financial Services, Healthcare, Retail, TMT

MBK PARTNERS

SEQUOIA CAPITAL

19

20


Total AUM: USD5.4 billion (as of Dec 2015)Global HQ: 2800 Sand Hill Road, Suite 101, Menlo Park, United StatesTel: +1 650 854 3927Web: www.sequoiacap.com

Year Founded: 1972Fund Strategy: Venture Capital, GrowthSector Focus: Financial Services, Energy / Oil & Gas, Healthcare, TMT


MBK Partners Fund III USD2,680 Buyout


Sequoia Capital India V USD920 Venture Capital

Sequoia Capital China Growth Fund III USD625 Growth

Sequoia Capital India IV USD740 Venture Capital

SSG

CA

PIT

AL

MA

NA

GE

ME

NT

FIRM BACKGROUNDSSG Capital Management is an alternative asset management firm in the Asia Pacific region, with over US $2 billion of assets under management. The firm was founded in 2009 with a fundamental-driven value investing approach by a team of senior professionals with extensive investment experience in Asia. SSG Capital Management Group has offices in Hong Kong, Singapore, Shanghai, Mumbai, Mauritius, Bangkok and Jakarta, with its Hong Kong, Singapore, Mauritius and Thailand entities regulated and licensed by the Hong Kong Securities and Futures Commission, the Monetary Authority of Singapore, the Mauritius Financial Services Commission and the Bank of Thailand respectively.

YEAR FOUNDED

INVESTMENT STRATEGY

SECTOR FOCUS

2009

Special Situations, Distressed and Private Credit

Diversified

Fund Name Fund Amount Final Close Fund Strategy

SSG Capital Partners II, L.P. US $ 400mn 26 Oct 2012 Special Situations/Distressed

SSG Capital Partners III, L.P. US $ 915mn 15 May 2014 Special Situations/ Distressed

SSG Secured Lending Opportunities I, L.P. US $ 325mn 17 Sep 2015 Private Credit

AUM: US$2 billionAsia HQ: Suite 7903, The Center, 99 Queen’s Road Central, Hong Kong, SARTel: +852-3909-8888Website: www.ssgasia.com

49


http://www.mbkpartnerslp.com

http://www.sequoiacap.com

http://www.ssgasia.com


BOYU CAPITAL

SHANGHAI INTERNATIONAL GROUP (SIG, SAILING CAPITAL)

NORTHSTAR GROUP

HILLHOUSE CAPITAL MANAGEMENT

21

23

22

24





Total AUM: USD2.5 billionGlobal HQ: Suite 1508, 15F, Hutchison House, 10 Harcourt Road, Central, Hong KongTel: +852 3987 1788Web: www.boyucapital.com


Total AUM: CNY1801 billion (as of Dec 2014)Global HQ: No.511 Weihai Road, Shanghai, ChinaTel: +86 21 2219 1111Web: www.sigchina.com


Total AUM: USD2 billion (as of Apr 2016)Global HQ: Unit #35-05, 6 Battery Road, SingaporeTel: +65 6533 3210Web: www.nsgroup.com

Year Founded: 2006Fund Strategy: Venture Capital, GrowthSector Focus: Natural Resources, TMT

Total AUM: USD18 billionGlobal HQ: Floor 28, Building B, PingAn International Financial Center, No. 1-3 Xinyuan South Road, Chaoyang District, Beijing, ChinaTel: +86 10 5952 0800Web: www.hillhousecap.com

Year Founded: 2005Fund Strategy: GrowthSector Focus: Consumer Goods, Healthcare, TMT


Boyu Capital Fund II USD1,500 Growth

Boyu Capital Fund I USD1,000 Growth


Sailing Logistics Funds CNY1,000 Buyout

Sailing New Culture Private Equity Fund I USD109.6 Growth


Northstar Equity Partners IV USD810 Growth

Northstar Equity Partners III USD820 Growth


Hillhouse Capital Fund I USD2,000 Growth

http://www.boyucapital.com

http://www.sigchina.com

http://www.nsgroup.com

http://www.hillhousecap.com


CR

ESC

EN

T C

AP

ITA

L PA

RTN

ER

S

FIRM BACKGROUNDCrescent invests in middle market companies in Australia and New Zealand, typically with enterprise values of AUD$50 million to AUD$300 million. Crescent’s investment focus is on companies with potential for strong earnings growth and industries that are undergoing structural change or that are set for consolidation. The investment team of over twenty professionals has strategy consulting and operating backgrounds, enabling the firm to provide value added support to portfolio companies. Although sector agnostic, Crescent has expertise in financial services, branded and industrial businesses and has been the most active private equity player in healthcare in Australia measured by number of investments made.

YEAR FOUNDED

INVESTMENT STRATEGY

SECTOR FOCUS

KEY CONTACTS

2000

Growth Buyout

Diversified

Contact Office Title email

Michael Alscher Sydney Managing Partner [email protected]

Neville Buch Sydney Partner [email protected]

Tim Martin Sydney Partner [email protected]

Nat Thomson Sydney Partner [email protected]

AUM: AUD1.6 billion Global HQ: Lvl 29 Governor Phillip Tower, 1 Farrer Place, Sydney, NSW 2000AustraliaTel: +61 2 9220 8100 Website: www.crescentcap.com.au


Crescent V (2015) AUD$675m Growth buyout

Crescent IV (2012) AUD$495m Growth buyout

Crescent III AUD$400m Growth buyout

56

MORGAN STANLEY INVESTMENT MANAGEMENT

EQUIS

25

26



Total AUM: USD405 billion (as of Mar 2016)Global HQ: 1585 Broadway, New York, United StatesTel: +1 212 761 4000 Web: www.morganstanley.com


Total AUM: USD2.7 billion (as of Feb 2015)Global HQ: 1 George Street #14-04, One George Street, SingaporeTel: +65 6220 0040Web: www.equisfg.com

Year Founded: 2010Fund Strategy: GrowthSector Focus: Clean Tech / Renewable, Energy / Oil & Gas


North Haven Private Equity Asia IV USD1,700 Buyout


Equis Asia Fund II USD1,010 Growth

Equis Direct Investment Fund USD298.6 Growth





http://www.crescentcap.com.au

http://www.morganstanley.com

http://www.equisfg.com


Total AUM: USD2.2 billionGlobal HQ: 3000 Sand Hill Road, Building 4, Suite 230, Menlo Park, United StatesTel: +1 650 475 2150Web: www.ggvc.com

Year Founded: 2000Fund Strategy: Venture CapitalSector Focus: TMT

SHUNWEI CAPITAL PARTNERS

MACQUARIE GROUP

27

28



Total AUM: USD1.9 billionGlobal HQ: 1401-1402, Block A Stone World Building, No. 50 Wangjing West A, Chaoyang District, Beijing, ChinaTel: +86 10 5985 1516Web: www.shunwei.com

Year Founded: 2011Fund Strategy: Venture Capital, GrowthSector Focus: TMT

Total AUM: AUD487 billion (as of Dec 2015)Global HQ: Level 15, No 1 Martin Place, Sydney, AustraliaTel: +61 2 8232 3333Web: www.macquarie.com.au



Shunwei RMB Fund CNY1,000 Venture Capital

Shunwei China Internet Fund III USD1,000 Venture Capital


Macquarie Korea Opportunities Fund II AUD700 Buyout

QIMING VENTURE PARTNERS

GGV CAPITAL

29

30



Total AUM: USD2.5 billion (as of Mar 2016)Global HQ: Room 3901 Jinmao Tower, 88 Century Boulevard, Shanghai, ChinaTel: +86 21 6101 6522Web: www.qimingventures.com

Year Founded: 2006Fund Strategy: Venture CapitalSector Focus: Consumer Goods, Clean Tech / Renewable, Healthcare, TMT


Qiming Venture Partners V USD648 Venture Capital

Qiming Venture Partners IV USD500 Venture Capital

Qiming RMB Fund III CNY500 Venture Capital


GGV Capital Select USD457 Venture Capital

GGV Capital V USD621.9 Venture Capital

http://www.ggvc.com

http://www.shunwei.com

http://www.macquarie.com.au

http://www.qimingventures.com


MULTI ASSET GLOBAL INVESTMENT (FORMERLY KDB ASSET MANAGEMENT)

LEGEND CAPITAL

31

32



Total AUM: KRW8900 billion (as of Dec 2015)Global HQ: 16th Floor, 56 Gukegeumyung-ro, yeongdeungpa-gu, Seoul, South KoreaTel: +82 2 3774 8000Web: multiasset.miraeasset.co.kr


Total AUM: CNY20 billion (as of Dec 2015)Global HQ: 16F, Tower B, Raycom Infotech Park, No. 2 Kexueyuan South Road, Zhongguancun, Beijing, ChinaTel: +86 10 8913 9000Web: www.legendcapital.com.cn

Year Founded: 2001Fund Strategy: Venture Capital, GrowthSector Focus: Diversified


Growth Ladder Fund KRW2,000,000 Growth


LC Healthcare Fund I USD250 Growth

LC Fund VI USD500 Growth

TATA

CA

PIT

AL

FIRM BACKGROUNDThe Tata Opportunities Fund (TOF), the Tata group’s flagship private equity fund and the largest fund within Tata Capital Private Equity, is a USD 600 mn private equity fund raised primarily from large, institutional investors from Asia and North America. TOF’s strategy focuses on investing in market leading businesses centered on India through proprietary deals that leverage the Tata brand and ecosystem. The Fund aims on working with the strongest sponsor groups with the highest standards of governance. TOF is sector agnostic and typical invests USD 30 – 100 mn per transaction. The Fund is expected to be fully deployed in 2016 and plans to raise a successor fund with a similar fund size and strategy.

YEAR FOUNDED

INVESTMENT STRATEGY

KEY CONTACTS AT TATA OPPORTUNITIES FUND

2009

Multi-stage

AUM: USD 1 billion Global HQ: 11A Peninsula Business Park, Lower Parel, Mumbai -400013. India.Tel: +91 22 6606 9000Website: http://online.tatacapital.com/Private_Equity/Index.htm

Fund Name Fund Amount (mn)

Fund Strategy

Tata Opportunities Fund USD 600 Growth & Buy-out

Tata Capital Growth Fund USD 240 Growth

Tata Capital Special Situations Fund

USD 50 Distressed

Tata Capital Healthcare Fund USD 80 Early/Growth

Tata Capital Innovations Fund USD 60 Venture

Padmanabhan (Paddy) Sinha – Managing PartnerGautham Radhakrishnan – PartnerBobby Pauly – Partner

61

http://multiasset.miraeasset.co.kr

http://www.legendcapital.com.cn

http://online.tatacapital.com/Private_Equity/Index.htm


PACIFIC EQUITY PARTNERS

ARCHER CAPITAL

NEW HORIZON CAPITAL

NAVIS CAPITAL PARTNERS

33

35

34

36





Total AUM: AUD4 billion (as of Sep 2015)Global HQ: 126 Phillip Street Level 31, Sydney, AustraliaTel: +61 2 8238 2600Web: www.pep.com.au


Total AUM: AUD2 billionGlobal HQ: Suite 7 Pier 2/3, 13 Hickson Road, Dawes Point, AustraliaTel: +61 2 8243 3333Web: www.archercapital.com.au

Year Founded: 1997Fund Strategy: Buyout, GrowthSector Focus: Diversified

Total AUM: USD4.3 billion (as of Apr 2016)Global HQ: Suites 1702-03, One Exchange Square, 8 Connaught Place, Central, Hong KongTel: +852 2801 6988Web: www.nhfund.com

Year Founded: 2005Fund Strategy: Growth, BuyoutSector Focus: Consumer Goods, Clean Tech / Renewable, Healthcare, Industrials

Total AUM: USD5 billion (as of April 2016)Global HQ: Level 17, Axiata Tower, 9, Jalan Stesen Sentral V, Kuala Lumpur Sentral, Kuala Lumpur, MalaysiaTel: +603 2302 3888Web: www.naviscapital.com

Year Founded: 1998Fund Strategy: Control in Growth and/or Buyout OpportunitiesSector Focus: Consumer Goods, Education, Healthcare, Manufacturing, Retail


Pacific Equity Partners V AUD2,100 Buyout


Archer Capital Fund 5 AUD1,200 Buyout

Archer Capital Growth Fund 2 AUD300 Growth


New Horizon RMB Fund II CNY3,430 Buyout

New Horizon Capital IV USD1,050 Buyout


Navis Asia Fund VII USD1,500 Buyout

Malaysian Growth Opportunity Fund I MYR230 Buyout


http://www.pep.com.au

http://www.archercapital.com.au

http://www.nhfund.com

http://www.naviscapital.com


ORCHID ASIA

TRUSTBRIDGE PARTNERS

YANCHANG PETROLEUM GROUP

MATRIX PARTNERS

37

39

38

40





Total AUM: USD3 billion (as of Mar 2015)Global HQ: Suite 6211-12, 62/F, The Center, 99 Queen's Road Central, Hong Kong Tel: +852 2115 8810Web: www.orchidasia.com/en/


Total AUM: USD1.7 billionGlobal HQ: One Lujiazui, Suite 1206, 68 Yincheng Middle Road, Shanghai, ChinaTel:Web: www.trustbridgepartners.com

Year Founded: 2006Fund Strategy: GrowthSector Focus: TMT

Total AUM: CNY14.2 billionGlobal HQ: No.75 Keji 2Rd, Xi'an, Shaanxi, ChinaTel: +86 911 2493 001Web: english.sxycpc.com

Year Founded: 1905Fund Strategy: Venture CapitalSector Focus: Energy / Oil & Gas, Manufacturing, Aerospace

Total AUM: USD3 billion Global HQ: 101 Main Street, 17th Floor, Cambridge, United StatesTel: +1 617 494 1223Web: www.matrixpartners.com

Year Founded: 1977Fund Strategy: Venture CapitalSector Focus: Healthcare, TMT


Orchid Asia VI USD920 Growth

Orchid Asia V USD650 Growth


Trustbridge Partners IV USD700 Growth

Trustbridge Partners V USD864 Growth


Guantian Industrial Fund I CNY10,100 Venture Capital


Matrix Partners China IV USD500 Venture Capital

Matrix Partners China III USD350 Venture Capital

Matrix Partners China II USD350 Venture Capital

http://www.orchidasia.com/en

http://www.trustbridgepartners.com

http://english.sxycpc.com

http://www.matrixpartners.com


SAIF PARTNERS

GP CAPITAL

MORNINGSIDE VENTURES

FARALLON CAPITAL MANAGEMENT

41

43

42

44





Total AUM: USD4 billion (as of Dec 2015)Global HQ: Suites 2516-2520, Two Pacific Place, 88 Queensway, Hong KongTel: +852 2918 2200Web: www.sbaif.com

Year Founded: 2001Fund Strategy: Venture Capital, GrowthSector Focus: Financial Services, Consumer Goods, Healthcare, TMT

Total AUM: CNY20 billion (as of Mar 2015)Global HQ: Room 4901, 49/F One Lujiazui, No. 68 Yin Cheng (Central) Road, Shanghai, ChinaTel: +86 21 2032 9333Web: www.gpcapital.com.cn

Year Founded: 2009Fund Strategy: BuyoutSector Focus: Financial Services, Consumer Goods, Energy / Oil & Gas, Advanced Manufacturing, Natural Resources, Modern Agriculture

Total AUM: USD1.5 billionGlobal HQ: 320 Wu Yuan Road, Shanghai, ChinaTel: +86 21 6119 7500Web: www.morningside.com

Year Founded: 1986Fund Strategy: Venture CapitalSector Focus: Biotech / Life Science, Clean Tech / Renewable, Healthcare, TMT

Total AUM: USD23.2 billion Global HQ: One Maritime Plaza, Suite 2100, San Francisco, United StatesTel: +1 415 421 2132Web: www.faralloncapital.com



SAIF Partners India V USD350 Venture Capital

SAIF China Growth RMB Fund II CNY5,000 Growth

SAIF India I USD350 Venture Capital


Shanghai Financial Sector Investment Fund I CNY9,000 Buyout


Morningside China TMT Special Opportunity Fund II 176.7 Venture Capital

Morningside China TMT Fund IV 660 Venture Capital

Morningside China TMT Special Opportunity Fund 93 Venture Capital


Farallon Asia Special Situations Fund II USD320 Buyout

Farallon Asia Special Situations Master II USD334 Buyout

Farallon Asia Special Situations Fund III USD300 Buyout

http://www.sbaif.com

http://www.gpcapital.com.cn

http://www.morningside.com

http://www.faralloncapital.com


DEVELOPMENT BANK OF JAPAN (DBJ)

ANCHOR EQUITY PARTNERS

FOSUN CAPITAL GROUP

FOUNTAINVEST PARTNERS

45

47

46

48





Total AUM: JPY16,310.7 billionGlobal HQ: Otemachi Financial City South Tower, 9-6, Otemachi 1-chome, Chiyoda-ku, Tokyo, JapanTel: +81 3 3244 1590Web: www.dbj.jp

Year Founded: 1999Fund Strategy: Venture capitalSector Focus: Diversified

Total AUM: USD1.35 billion (as of Jul 2015)Global HQ: Suite 902, 28 Hennessy Road, Hong KongTel: +852 3998 4960Web: www.anchorpe.com


Total AUM: EUR43 billion (as of Dec 2015)Global HQ: 27/F Juss Building, 28 South Zhongshan Road, Huangpu District, Shanghai, ChinaTel: +86 21 6333 5032Web: www.fosuncapital.com


Total AUM: USD2.5 billion (as of Dec 2015)Global HQ: Suite 705-8, ICBC Tower, 3 Garden Road, Central, Hong KongTel: +852 3972 3900Web: www.fountainvest.com

Year Founded: 2007Fund Strategy: GrowthSector Focus: Consumer Goods, Clean Tech / Renewable, Energy / Oil & Gas, Healthcare, Industrials, Leisure, Retail, TMT, Natural Resources


Competitiveness Enhancement Fund JPY150,000 Venture capital


Anchor Equity Partners Fund II USD850 Growth

Anchor Equity Partners Fund I USD500 Growth


China Momentum Fund USD525 Growth

Fosun Weishi Fund CNY2,000 Growth

Fosun Grand Fund CNY1,500 Growth


FountainVest China Growth Capital Fund II USD1,350 Growth

http://www.dbj.jp

http://www.anchorpe.com

http://www.fosuncapital.com

http://www.fountainvest.com


SSG CAPITAL MANAGEMENT

BRIGHT STONE (BEIJING) INVESTMENT MANAGEMENT

EVERSTONE CAPITAL

GOLDSTONE INVESTMENT

49

51

50

52





Total AUM: USD2.0 billion (as of Jan 2016)Global HQ: Suite 7903, The Center, 99 Queen’s Road, Central, Hong KongTel: +852 3909 8888Web: www.ssgasia.com

Year Founded: 2009Fund Strategy: Special Situation/Distressed/Private CreditSector Focus: Diversified

Total AUM: CNY30 billionGlobal HQ: 0908—0916 Tai Peng Building,10 Haidian North Second Street, Haidian District, Beijing, ChinaTel: +86 10 6019 0799Web: www.brightstone-fund.com


Total AUM: USD3.3 billion (as of Jan 2016)Global HQ: 163 Penang Road, Winsland House II, #08-01, Singapore Tel: +65 6511 6888Web: www.everstonecapital.com

Year Founded: 2006Fund Strategy: Growth, BuyoutSector Focus: Financial Services, Consumer Goods, Healthcare, Retail, Education, TMT

Total AUM: Global HQ: 17/F,CITIC Securities Tower, No.48 Liangmaqiao Road, Chaoyang District, Beijing, ChinaTel: +86 10 6083 7800 Web: www.cs.ecitic.com/en/BusinessesGoldStone.htm

Year Founded: 2007Fund Strategy: BuyoutSector Focus: Financial Services, Consumer Goods, Energy / Oil & Gas, Healthcare, TMT


SSG Capital Partners III USD915 "Distressed / Turnaround

SSG Capital Partners II USD400 "Distressed / Turnaround


Wuling Mountain Area Tourism Industry Investment Fund I CNY6,000 Growth

Bright Stone Ke Yuan CNY300 Growth

Bright Stone Jing Yuan CNY500 Growth


Everstone Capital Partners III USD730 Buyout

Everstone Capital Partners II USD580 Buyout


CITIC Buyout Fund CNY3,000 Buyout

CITIC Goldstone Investment Fund I CNY5,000 Buyout


http://www.ssgasia.com

http://www.brightstone-fund.com

http://www.everstonecapital.com

http://www.cs.ecitic.com/en/BusinessesGoldStone.htm


JP MORGAN ASSET MANAGEMENT

Q CAPITAL PARTNERS

CHINA MERCHANTS CAPITAL

CRESCENT CAPITAL PARTNERS

53

55

54

56





Total AUM: USD1,600 billion (as of Mar 2015)Global HQ: 270 Park Avenue, 7th Floor, New York, United StatesTel: +1 212 648 2180Web: www.jpmorgan.com

Year Founded: 1974Fund Strategy: Growth, BuyoutSector Focus: TMT, Diversified

Total AUM: KRW955 billion Global HQ: 11/F, KAIT Building, 306 Teheran-ro Gangnam-Gu, Seoul, KoreaTel: +82 2 538 2411Web: qcapital.co.kr

Year Founded: 1982Fund Strategy: Venture capitalSector Focus: Consumer Goods, Industrials, TMT, Diversified

Total AUM: CNY718 billionGlobal HQ: 20/F Tower B, East Pacific International Center, 7888 Shennan Avenue, Futian District, Shenzhen, ChinaTel: +86 755 8832 6300Web: www.cmcapital.com.cn/en


Total AUM: AUD1.6 billion Global HQ: Level 29, Governor Phillip Tower, 1 Farrer Place, Sydney, AustraliaTel: +61 2 9220 8100Web: www.crescentcap.com.au

Year Founded: 2000Fund Strategy: Growth BuyoutSector Focus: Diversified


JPMorgan Digital Growth Fund II USD1,540 Growth

J.P. Morgan China Private Equity Fund USD665 Buyout

J.P. Morgan China Private Investors USD323 Buyout


QCP 2011 Corporate Partnership Private Equity Fund KRW400,000 Venture capital

QCP Project Private Equity Fund VI KRW60,000 Venture capital

QCP New Technology Investment Fund 22 KRW10,000 Venture capital


China Merchants Mizuho Growth Fund USD20 Growth

ZXJ & China Merchants Private Equity Fund CNY7,500 Growth


Crescent V (2015) AUD$675m Growth buyout

Crescent IV (2012) AUD$495m Growth buyout


http://www.jpmorgan.com

http://qcapital.co.kr

http://www.cmcapital.com.cn/en

http://www.crescentcap.com.au


HOPU INVESTMENT MANAGEMENT

CITIC CAPITAL

MULTIPLES ALTERNATE ASSET MANAGEMENT (MULTIPLES PRIVATE EQUITY)

JAPAN INDUSTRIAL SOLUTIONS

57

59

58

60





Total AUM: USD3.6 billion Global HQ: Suite 203-205 North Tower, Winland Financial Center, 7 Financial Street, Beijing, ChinaTel: +86 10 5181 9600Web:

Year Founded: 2007Fund Strategy: Growth, BuyoutSector Focus: Financial Services, Natural Resources

Total AUM: USD5.2 billion (as of Dec 2015)Global HQ: 28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong Tel: +852 3710 6888Web: www.citiccapital.com

Year Founded: 2002Fund Strategy: Venture Capital, BuyoutSector Focus: Diversified

Total AUM: USD1 billion Global HQ: 7th floor, Poonam Chambers - B Wing, Dr. Annie Besant Road, Worli, Mumbai, IndiaTel: +91 22 6624 5500Web: www.multiplesequity.com

Year Founded: 2009Fund Strategy: Buyout, Growth Sector Focus: Diversified

Total AUM: JPY100 billion Global HQ: Marunouchi Mitsui Building 3F, 2-2-2 Marunouchi, Chiyoda-ku, Tokyo, JapanTel: +81 3 6268 0330Web: www.jis.co.jp

Year Founded: 2010Fund Strategy: Distressed / TurnaroundSector Focus: Diversified


Hopu Master Fund II USD1,100 Buyout


CITIC New Generation Infotech Venture Fund (CITIC Venture Fund) CNY250 Venture Capital

CITIC Capital Venture Partners USD113 Venture Capital

CITIC Capital (Tianjin) Equity Investment Partnership CNY4,000 Buyout


Multiples Private Equity Fund II (with Co-Invest Fund ) USD690 Buyout

Multiples Private Equity Fund USD405 Buyout


Japan Industrial Solutions Fund I JPY100,000 Distressed / Turnaround

http://www.citiccapital.com

http://www.multiplesequity.com

http://www.jis.co.jp


CHINA-ASEAN CAPITAL ADVISORY COMPANY

TATA CAPITAL

INVENTIS INVESTMENT HOLDINGS (CHINA)

63

61

64




Total AUM: USD1 billion Global HQ: 67/F Two International Finance Centre, 8 Finance Street, Central, Hong Kong Tel: +852 3125 1800Web: www.china-asean-fund.com

Year Founded: 2009Fund Strategy: GrowthSector Focus: Energy / Oil & Gas, TMT, Transport, Clean Tech / Renewable, Natural Resources

Total AUM: USD1 billionGlobal HQ: Peninsula Business Park, Lower Parel, Mumbai, IndiaTel: +91 22 6745 9000Web: www.tatacapital.com

Year Founded: 2009Fund Strategy: Growth, Buyout, Venture Capital, Distressed / TurnaroundSector Focus: Diversified

Total AUM: USD 5.3 billionGlobal HQ: 1980 Yushan Lu No 14-504, Pudong, Shanghai, ChinaTel: +86 21 6402 5013Web:



China-ASEAN Investment Cooperation Fund I USD1,000 Growth


Tata Opportunities Fund USD600 Growth

Tata Capital Healthcare Fund USD80 Growth

Tata Capital Innovations Fund USD50 Venture Capital


Inventis China Growth Fund VI USD1,000 Growth


CHINA EVERBRIGHT INVESTMENT MANAGEMENT62


Total AUM: HKD50.3 billionGlobal HQ: 46/F, Far East Finance Centre, 16 Harcourt Road, Hong KongTel: +852 2528 9882Web: www.everbright165.com

Year Founded: 2001Fund Strategy: Growth, BuyoutSector Focus: Healthcare, TMT, Diversified


China Everbright ReinFore Special Opportunities Fund USD355 Growth

Everbright Medical Healthcare Fund II CNY1000 Buyout

Everbright Medical Healthcare Fund I CNY600 Buyout

http://www.china-asean-fund.com

http://www.tatacapital.com

http://www.everbright165.com


L CAPITAL MANAGEMENT

UNISON CAPITAL

ASCENDENT CAPITAL PARTNERS (ASIA) LIMITED

BLUE ECONOMY ZONE INDUSTRIAL FUND MANAGEMENT

65

67

66

68





Total AUM: EUR1 billion (as of Dec 2015)Global HQ: 18 rue Francois 1er, Paris, FranceTel: +33 1 4413 2330Web: www.lcapital.eu

Year Founded: 2001Fund Strategy: Buyout, Venture Capital, GrowthSector Focus: Consumer Goods, Leisure, Retail

Total AUM: JPY240 billion (as of Dec 2015)Global HQ: The New Otani Garden Court 9F, 4-1 Kioicho, Chiyoda-ku, Tokyo, JapanTel: +81 3 3511 3901Web: www.unisoncap.com


Total AUM: USD965 million (as of Aug 2015)Global HQ: Suite 1609, 16/F, Jardine House, 1 Connaught Place, Central, Hong Kong Tel: +852 2165 9000Web: www.ascendentcp.com


Total AUM: Global HQ: 17F, Tower 2, Aosheng Building, Lixia District, Jinan, Shangdong, China Tel: +86 531 6862 1580 - 8049Web: www.bluefund.cn

Year Founded: 2012Fund Strategy: Buyout, Venture Capital, GrowthSector Focus: Diversified


L Capital Asia 2 USD980 Venture Capital


Unison Capital Private Equity Fund (Korea) KRW307,500 Buyout

Unison Capital Partners IV JPY75,000 Buyout


Ascendent Capital Partners II USD600 Growth

Ascendent Capital Partners I USD365 Growth


Blue Economy Zone Industrial Fund I CNY4,950 Growth

Shandong Blue Ocean Kingking Industrial Investment Fund CNY500 Growth

http://www.lcapital.eu

http://www.unisoncap.com

http://www.ascendentcp.com

http://www.bluefund.cn


CHRYSCAPITAL

STIC INVESTMENTS

CHINA INTERNATIONAL CAPITAL CORPORATION

NEXUS VENTURE PARTNERS

69

71

70

72





Total AUM: USD2.5 billionGlobal HQ: Suite 111, 11F, Maker Chambers VI, Nariman Point, Mumbai, IndiaTel: +91 22 4066 8000Web: www.chryscapital.com

Year Founded: 1999Fund Strategy: Buyout, Venture Capital, GrowthSector Focus: Financial Services, Consumer Goods, Healthcare, Industrials, Business Services

Total AUM: USD3.4 billion (as of Dec 2015)Global HQ: 10F. MSA Bldg., 12, Teheran-ro 78-gil, Gangnam-gu, Seoul, South KoreaTel: +82 2 3404 7800Web: www.stic.co.kr

Year Founded: 1999Fund Strategy: Buyout, Venture Capital, Growth, SecondariesSector Focus: Diversified

Total AUM: CNY12.3 billion (as of June 2015)Global HQ: 28th Floor, China World Office 2, No. 1 Jian Guo Men Wai Avenue, Beijing, ChinaTel: +86 10 6505 1166Web: www.cicc.com.cn

Year Founded: 1995Fund Strategy: GrowthSector Focus: Consumer Goods, Clean Tech / Renewable, Energy / Oil & Gas, Healthcare

Total AUM: USD10 billion (as of Dec 2015)Global HQ: G-2, Sarjan Plaza, 100, Dr. Annie Besant Road, Worli, Mumbai, IndiaTel: +91 22 6626 0000Web: www.nexusvp.com

Year Founded: 2006Fund Strategy: Venture CapitalSector Focus: Consumer Goods, Business Services, TMT


ChrysCapital VI USD510 Growth

ChrysCapital VII USD350 Growth


STIC CJ Global Investment Corporate Private Equity Fund KRW500,000 Buyout

STIC Pan-Asia Technology Fund KRW138,500 Venture Capital


CICC Jiatai Industry Integration Fund CNY5,000 Growth

CICC Jiatian Private Equity Fund CNY400 Growth


Nexus Top-up Opportunity Fund USD130 Venture Capital

Nexus India Capital IV USD450 Venture Capital

Nexus India Capital III USD270 Venture Capital

http://www.chryscapital.com

http://www.stic.co.kr

http://www.cicc.com.cn

http://www.nexusvp.com


SOFTBANK CHINA VENTURE CAPITAL

HAITONG SECURITIES

ICICI VENTURE

BANYAN CAPITAL

73

75

74

76





Total AUM: USD1.6 billion (as of Feb 2016)Global HQ: 15A-C, HuaMin Empire Plaza, 728 YanAn Road (West), Shanghai, ChinaTel: +86 21 5253 4888Web: www.sbcvc.com

Year Founded: 2000Fund Strategy: Venture Capital, GrowthSector Focus: Consumer Goods, Healthcare, TMT, Renewable, Energy / Oil & Gas

Total AUM: - Global HQ: 12/F, Haitong Securities Tower, 689 Guangdong Road, Shanghai, ChinaTel: +86 21 2321 9000Web: www.htsec.com

Year Founded: 1988Fund Strategy: Buyout, Growth, Venture CapitalSector Focus: Diversified

Total AUM: USD2 billion (as of Dec 2015)Global HQ: ICICI Venture House, Ground Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai, IndiaTel: +91 22 6655 5050Web: www.iciciventure.com

Year Founded: 1988Fund Strategy: Buyout, Growth, Mezzanine / Debt, Distressed / TurnaroundSector Focus: Diversified

Total AUM: USD854 million (as of Dec 2015)Global HQ: Room 1900, Tower A, Ping An International Financial Center, 1 Xin Yuan South Road, Beijing, ChinaTel: +86 10 8444 2729Web: www.banyanvc.com

Year Founded: 2013Fund Strategy: GrowthSector Focus: TMT


SBCVC Fund V USD458 Venture Capital

SBCVC Fund IV USD387 Venture Capital


Haitong RMB Buyout Fund I CNY1,150 Buyout

Liaoning New Energy and Low Carbon Investment Fund - Joint Venture CNY1,000 Growth

Shanghai Cultural Industry Fund CNY3,000 Venture Capital


AION Capital Partners Fund I - Joint Venture USD825 Distressed / Turnaround


Banyan Partners RMB Fund II CNY560 Growth

Banyan Partners Fund II USD362 Growth

Banyan Partners RMB Fund I CNY320 Growth

http://www.sbcvc.com

http://www.htsec.com

http://www.iciciventure.com

http://www.banyanvc.com


HARVEST FUND MANAGEMENT

AGRICULTURAL BANK OF CHINA

VISION KNIGHT CAPITAL

TAIKANG ASSET MANAGEMENT

77

79

78

80





Total AUM: CNY227 billionGlobal HQ: 16/F China Resources Building, No.8 Jianguomen Beidajie, Beijing, ChinaTel: +86 10 6521 5588Web: www.jsfund.cn

Year Founded: 1999Fund Strategy: Venture Capital, GrowthSector Focus: TMT

Total AUM: -Global HQ: No.69, Jianguomen Nei Avenue, Dongcheng District, Beijing, ChinaTel: +86 10 8510 9619Web: www.abchina.com/en/

Year Founded: 1951Fund Strategy: Buyout, GrowthSector Focus: Industrials, Business Services, TMT

Total AUM: USD800 millionGlobal HQ: Unit 1, 33rd Floor, Kerry Parkside Office, 1155 Fangdian Rd. Pudong District, Shanghai, ChinaTel: +86 21 2028 1659 Web: www.vkcpartners.com

Year Founded: 2011Fund Strategy: Venture Capital, GrowthSector Focus: Consumer Goods, TMT

Total AUM: CNY830 billion (as of Dec 2015)Global HQ: Excel Center 3rd Floor, 6 Wudinghou Street, Xicheng District, Beijing, ChinaTel: +86 10 5769 1888Web: www.taikang.com/tkzc/

Year Founded: 2006Fund Strategy: BuyoutSector Focus: Financial Services, Biotech / Life Science, Energy / Oil & Gas, Healthcare, TMT, Transport, Agribusiness


Harvest Seven Stars Media USD800 Venture Capital


ABC (Hunan) No.1 Equity Investment CNY10 Buyout

ABCI Wuxi Equity Investment Fund CNY5,000 Growth


Vision Knight Capital (China) Entrepreneur Fund II USD50 Venture Capital

Vision Knight Capital (China) Fund II USD500 Venture Capital

Vision Knight Capital (China) Fund I USD250 Venture Capital


Tasly Holding Healthcare Fund CNY500 Buyout

http://www.jsfund.cn

http://www.abchina.com/en

http://www.vkcpartners.com

http://www.taikang.com/tkzc


THE BLACKSTONE GROUP

GUANGDONG ZHONGGUANG INVESTMENT MANAGEMENT

AEROSPACE INDUSTRY INVESTMENT FUND MANAGEMENT

BOC YUECAI PRIVATE EQUITY

81

83

82

84





Total AUM: USD344 billion (as of March 2016)Global HQ: 345 Park Avenue, New York, United StatesTel: +1 64 6313 6590Web: www.blackstone.com

Year Founded: 1985Fund Strategy: Buyout, Venture Capital, Growth, Mezzanine / Debt, Distressed / DebtSector Focus: Diversified

Total AUM: -Global HQ: 21F, Guangzhou West Tower, Tianhe District, Guangzhou, ChinaTel: +86 20 8883 6036Web: www.zgfunds.com

Year Founded: 2012Fund Strategy: VentureSector Focus: TMT

Total AUM: CNY5 billion Global HQ: 5F, Aerospace Financial Building, 31 Ping'anli West Street, Xicheng District, Beijing, ChinaTel: -Web: -

Year Founded: 2009Fund Strategy: GrowthSector Focus: Financial Services, Consumer Goods, Energy / Oil & Gas, TMT

Total AUM: CNY10 billion (as of Dec 2015)Global HQ: No.481, Dongfeng Road, Guangdong Finance Building, 15th Floor, Guangdong, ChinaTel: +86 20 8306 3888Web: www.gdyctz.com



Shanghai Blackstone Equity Investment Partnership (Zhonghua Development Investment Fund) CNY5,000 Buyout


Guangdong Radio and Television Fund CNY5,000 Venture Capital


Aerospace Industry Investment Fund I CNY5,030 Growth


Guangdong SME Direct Equity Investment Fund CNY5,000 Growth

http://www.blackstone.com

http://www.zgfunds.com

http://www.gdyctz.com


YELLOW RIVER DELTA INDUSTRY FUND MANAGEMENT

GOLDMAN SACHS MERCHANT BANKING DIVISION

KB INVESTMENT

QUADRANT PRIVATE EQUITY

85

87

86

88





Total AUM: -Global HQ: 6F, 9 BLK, Zhenzhuquan, Quancheng Rd., Jinan, ChinaTel: +86 531 8510 7763Web: www.yrdfund.cn

Year Founded: 2011Fund Strategy: Venture CapitalSector Focus: Clean Tech / Renewable, Energy / Oil & Gas, TMT

Total AUM: USD89 billionGlobal HQ: 200 West Street, 29F New York, USATel: +1 212 902 0300Web: www.gs.com

Year Founded: 1986Fund Strategy: Buyout, Venture Capital, Growth, Mezzanine / Debt, Distressd / TurnaroundSector Focus: Diversified

Total AUM: USD1.4 billionGlobal HQ: 9F, 731 Yeongdong-daero Blvd, Gangnam-gu, Seoul, South KoreaTel: +82 2 545 5092Web: www.kbic.co.kr

Year Founded: 1990Fund Strategy: Buyout, Venture Capital, GrowthSector Focus: Diversified

Total AUM: AUD2.5 billionGlobal HQ: Level 30, Deutsche Bank Place, 126 Phillip Street, Sydney, AustraliaTel: +1 612 9221 3044Web: www.quadrantpe.com.au



Yellow River Delta Industry Fund I CNY5,000 Venture Capital


Broad Street (Beijing) 2011 Investment Center USD3,500 Buyout


Quadrant Private Equity No. 4 AUD850 Growth


KB12-1 Venture KRW30,000 Venture Capital

KT Global Investment Partnership PEF KRW475,000 Venture Capital

KoFC Value-Up Private Equity Fund KRW65,000 Buyout

http://www.yrdfund.cn

http://www.gs.com

http://www.kbic.co.kr

http://www.quadrantpe.com.au


WOORI ASSET MANAGEMENT

SHINHAN PRIVATE EQUITY

CHINA SCIENCE & MERCHANTS INVESTMENT (FUND) MANAGEMENT (CSMI)

CREADOR

89

91

90

92





Total AUM: KRW20,434 billionGlobal HQ: 9th Floor, Finance Tower, Yeoido-dong, Yongdeungpo-ku, Seoul, South KoreaTel: +82 2 789 0300Web: www.wooriam.com

Year Founded: 1988Fund Strategy: Growth, BuyoutSector Focus: Energy / Oil & Gas, Natural Resources

Total AUM: - Global HQ: 100-102 Daekyung Bldg., 120 Bungi Taepyeong-ro 2 ga, Jung-gu, Seoul, South KoreaTel: +82 2 756 0505Web: www.shinhan.com/en/about/network/sh_private.jsp


Total AUM: CNY60 billionGlobal HQ: Room 5001, China World Tower III, No. 1 Jianguomenwai Ave, Beijing, ChinaTel: +86 10 5765 2211Web: www.csm-inv.com


Total AUM: USD460 millionGlobal HQ: 8F, Menara BRDB 285, Jalan Ma'arof Bukit Bandar Raya, Kuala Lumpur, MalaysiaTel: +60 3 2182 6888Web: www.creador.com



Woori AM & Sprott Consulting Energy and Resources Fund - Co-Investment USD375 Growth

Woori AM & Sprott Consulting Energy and Resources Fund - Separate Account USD375 Growth


Shinhan-Stonebridge Petro Private Equity Fund KRW818,000 Buyout


CSMI RuiAn Fund CNY100 Growth

Dongguan CSM Zhongguang Private Equity Fund CNY1,550 Growth

Nanchang CSMI Venture Capital Fund CNY1,000 Venture Capital


Creador III USD250 Growth

Creador II USD330 Growth

Creador I USD132 Growth

http://www.wooriam.com

http://www.shinhan.com/en/about/network/sh_private.jsp

http://www.csm-inv.com

http://www.creador.com


INDIA VALUE FUND ADVISORS

IMM PRIVATE EQUITY

SUMMITVIEW CAPITAL

CHINA CULTURE INDUSTRIAL INVESTMENT FUND MANAGEMENT

93

95

94

96





Total AUM: USD1.8 billionGlobal HQ: Suite F9C, Grand Hyatt Plaza, Santacruz East, Mumbai, IndiaTel: +91 22 6682 4888Web: www.ivfa.com


Total AUM: USD2.7 billionGlobal HQ: 5F Gangnam Finance Center, 737 Yeoksam-dong, Gangnam-Ku, Seoul, South KoreaTel: +82 2 2112 1780Web: www.immpe.co.kr


Total AUM: CNY1.2 billionGlobal HQ: Room 1101, No. 18 Poly Plaza Block E, Dongfang Road, Shanghai, ChinaTel: +86 21 6881 6012Web: www.summitviewcapital.com

Year Founded: 2011Fund Strategy: Venture CapitalSector Focus: Consumer Goods, Clean Tech / Renewable, Healthcare, TMT

Total AUM: CNY4.1 billionGlobal HQ: 12/F, No. 28, Fengsheng Hutong, Xicheng District, Beijing, ChinaTel: +86 10 5750 3518Web: www.chinacf.com

Year Founded: 2011Fund Strategy: GrowthSector Focus: Leisure, TMT


India Value Fund V USD700 Buyout


IMM RoseGold PEF II KRW720,000 Growth


Shangahai Summitview Integrated Circuit Information Industry Venture Capital Fund I CNY3,000 Venture Capital

Summitview Capital Investment Enterprise CNY1,200 Venture Capital


China Culture Industrial Investment Fund I CNY4,100 Growth

http://www.ivfa.com

http://www.immpe.co.kr

http://www.summitviewcapital.com

http://www.chinacf.com


CINDA CAPITAL

OLYMPUS CAPITAL HOLDINGS ASIA

SHENYANG DARUI INVESTMENT MANAGEMENT COMPANY

SARATOGA CAPITAL GROUP

97

99

98





Total AUM: -Global HQ: 29 Dongzhong Street , Dong Cheng District, Beijing, ChinaTel: +86 10 6418 1266Web: www.cinda.com.cn

Year Founded: 1994Fund Strategy: Buyout, Growth, Mezzanine / Debt, Distressed / TurnaroundSector Focus: Diversified

Total AUM: -Global HQ: Suite 3406, One Exchange Square, Hong KongTel: +852 2140 0500Web: www.olympuscap.com

Year Founded: 1997Fund Strategy: Buyout, Venture Capital, Growth, Mezzanine / Debt, Distressed / TurnaroundSector Focus: Diversified

Total AUM: CNY4 billionGlobal HQ: Nanjing North Street, Heping DistrictLiaoning Province, Shenyang, ChinaTel: -Web: -


Total AUM: USD2.5 billionGlobal HQ: 3 Phillip Street, #15-01 Commerce Point, SingaporeTel: +65 6536 8661Web: www.saratoga-asia.com

Year Founded: 1998Fund Strategy: BuyoutSector Focus: Consumer Goods, Energy / Oil & Gas, TMT, Transport, Natural Resources


China Agricultural Industrial Development Fund CNY4,000 Growth


Olympus Capital Asia V USD330 Growth

Asia Environmental Partners II USD277 Growth


Liaoning Equipment Manufacturing Industry Fund I CNY4,000 Growth


Saratoga Asia III USD600 Buyout

100

SAMPLE CONTENT AVAILABLE ONLINE

SPECIAL OFFER TO SUBSCRIBERS:Order your copy today quoting SUBBK15 and receive a 15% discount

MANAGING PRIVATE FUND DISPUTESEssential strategies for preventing and resolving litigation and regulatory risks

This book will help you:

• Understand how litigation and the risk of litigation impacts the activities of private funds

• Optimise your chance of success in a dispute process.

• Assess the pros and cons of arbitration

• Get familiar with typical sources of disputes

• Develop awareness of how law courts interpret contentious LPA clauses

• Manage post-deal completion disputes

...plus much more

AVAILABLE NOWOrder your copy today:

privateequityinternational.com/dispute

[email protected]

London: +44 (0) 20 7566 5444New York: +1 212 633 1073Hong Kong: +852 2153 3210

http://www.cinda.com.cn

http://www.olympuscap.com

http://www.saratoga-asia.com

SAMPLE CONTENT AVAILABLE ONLINE


MANAGING PRIVATE FUND DISPUTESEssential strategies for preventing and resolving litigation and regulatory risks

This book will help you:

• Understand how litigation and the risk of litigation impacts the activities of private funds

• Optimise your chance of success in a dispute process.

• Assess the pros and cons of arbitration

• Get familiar with typical sources of disputes

• Develop awareness of how law courts interpret contentious LPA clauses

• Manage post-deal completion disputes

...plus much more

AVAILABLE NOWOrder your copy today:

privateequityinternational.com/dispute

[email protected]



ASIA-PACIFIC-FOCUSED PRIVATE EQUITY FUNDS IN MARKET (AS OF 13 JUNE 2016)

Fund Name Fund Manager Target Size ($mn) Launch Year Fund Strategy

500 Kimchi 500 Startups $15 2015 Venture Capital / Growth Equity

500 Startups Japan 500 Startups $30 2015 Venture Capital / Growth Equity

500 TukTuks 500 Startups $10 2015 Venture Capital / Growth Equity

500 Kulfi 500 Startups $25 2016 Venture Capital / Growth Equity

500 Startups Vietnam 500 Startups $10 2016 Venture Capital / Growth Equity

5ideas Startup Superfuel Fund 5ideas $10 2012 Venture Capital / Growth Equity

Aavishkaar Frontier Fund Aavishkaar $75 2013 Venture Capital / Growth Equity

Aavishkaar India-focused fund Aavishkaar $300 2015 Venture Capital / Growth Equity

Asian Growth II ACA Inc. $100 2013 Buyout / Corporate Private Equity

Adamas Asset Management Fund II (Greater China Credit Fund)

Adamas Asset Management $200 2012 Mezzanine / Debt

Adamas Ping An Co-Managed Debt fund Adamas Asset Management $500 2015 Mezzanine / Debt

The ADM Capital Somei Lending Platform ADM Capital $200 2016 Mezzanine / Debt

Advantage Partners Asia Fund Advantage Partners $400 2015 Buyout / Corporate Private Equity

Digital Accelerator LP Adventure Capital $61 2012 Venture Capital / Growth Equity

Aequus Asia Healthcare Fund Aequus Capital Partners $200 2014 Venture Capital / Growth Equity

ABC (Hunan) No.1 Equity Investment Agricultural Bank of China $491 2014 Buyout / Corporate Private Equity

AID Partners Capital II AID Partners $500 2013 Venture Capital / Growth Equity

AirTreeVentures Fund II AirTreeVentures $77 2016 Venture Capital / Growth Equity

Alibaba Group/ SAIC Motor Internet-enabled Car Fund Alibaba Group $164 2015 Venture Capital / Growth Equity

Amicus Capital Amicus Capital $200 2014 Buyout / Corporate Private Equity

Japan Fund IV Ant Capital Partners $162 2014 Secondaries

AppWorks Fund II AppWorks $51 2015 Venture Capital / Growth Equity

AquaVentures Fund AquaVentures - 2015 Venture Capital / Growth Equity

ArborVenture Fund I ArborVentures $125 2014 Venture Capital / Growth Equity

SlingshotVenture Fund Artesian Capital Management $8 2013 Venture Capital / Growth Equity

iAccelerate start-up incubator fund Artesian Capital Management $8 2014 Venture Capital / Growth Equity

SBS Asia I Investors Asia Alternatives Management LLC $250 2014 Fund of Funds / Co-Investment

Asia Alternatives Ivory Partners III Asia Alternatives Management LLC - 2015 Fund of Funds / Co-Investment

Asia Growth Capital Secondaries Fund I Asia Growth Capital Advisors $500 2016 Secondaries

AsiaBridge Fund II AsiaBridge Capital $250 2013 Venture Capital / Growth Equity

Asian Healthcare Fund II Asian Healthcare Fund $150 2015 Venture Capital / Growth Equity

AstarcVentures Seed Fund Astarc Group $2 2014 Venture Capital / Growth Equity

AuraVenture Fund Aura Group $23 2016 Venture Capital / Growth Equity

Medical Research Future Fund Australia Future Fund $15,300 2015 Venture Capital / Growth Equity

Avendus Special Situations Fund III Avendus Capital $79 2013Venture Capital /

Growth Equity

Avenue Asia Special Situations Fund V Avenue Capital - 2016 Mezzanine / Debt

Axiom Asia IV Axiom Asia Private Capital - 2015Fund of Funds / Co-Investment

Bertelsmann Asia Investment Betafund Bertelsmann - 2014 Venture Capital / Growth Equity

Blackfox Private Partners Fund Blackfox - 2015 Venture Capital / Growth Equity

Shandong Blue Ocean Kingking Industrial Investment Fund

Blue Economy Zone Industrial Fund Management

$164 2016 Venture Capital / Growth Equity

Australia VC Fund II (VC 2014) Blue Sky Alternative Investments $23 2014 Venture Capital / Growth Equity

Australia VC Fund III Blue Sky Alternative Investments $153 2015 Venture Capital / Growth Equity

Blue Sky Strategic Australian Agriculture Fund Blue Sky Alternative Investments $230 2015 Venture Capital / Growth Equity

BlueChilliVenture Fund BlueChilli $10 2013 Venture Capital / Growth Equity

BRV Lotus Growth Fund 2015 BlueRunVentures - 2015 Venture Capital / Growth Equity

BlumeVentures Fund II BlumeVentures $60 2014 Venture Capital / Growth Equity

Huamei FundBohai Industrial Investment Fund Management

$1,500 2014 Buyout / Corporate Private Equity

Bona Noah Film & Television Fund Bona Film Group $164 2013 Venture Capital / Growth Equity

Boxin China Growth Fund I Boxin Capital $200 2011 Venture Capital / Growth Equity

Wuling Mountain Area Tourism Industry Investment Fund I

Bright Stone (Beijing) Investment Management


Navegar Fund Brummer & Partners $100 2013 Venture Capital / Growth Equity

Frontier Bangladesh II Brummer & Partners $100 2014 Venture Capital / Growth Equity

BT Capital Group Media Fund BT Capital Group $500 2013 Venture Capital / Growth Equity

Bull Capital China Growth Fund II Bull Capital Partners $400 2014 Venture Capital / Growth Equity

BioVeda China Fund IV BVCF $400 2016 Venture Capital / Growth Equity

CanbankVenture Capital Fund VI CanbankVenture Capital Fund Ltd. $79 2014 Venture Capital / Growth Equity

CapAleph Indian Millennium SME Fund CapAleph Advisors $20 2015 Venture Capital / Growth Equity

Capital Dynamics Japan Fund Capital Dynamics $122 2013 Fund of Funds / Co-Investment



Capital Today Evergreen Fund Capital Today $400 2014 Buyout / Corporate Private Equity

Capvent Asia Private Equity III (CAPE III) Capvent $300 2012 Fund of Funds / Co-Investment

Carpediem Capital Partners Fund I Carpediem Capital $87 2014 Buyout / Corporate Private Equity

CASREV Fund II CAS Investment Management Co $150 2015 Venture Capital / Growth Equity

Caspian Impact Investments (CII) Caspian Impact Investment Adviser $40 2013 Mezzanine / Debt

CDH China Mid-market Fund CDH Investments $600 2015 Buyout / Corporate Private Equity

CDH Growth Fund III CDH Investments - 2015 Buyout / Corporate Private Equity

CDIB Capital Technology Partners CDIB Capital International Corporation $170 2016 Venture Capital / Growth Equity

Champ IV Fund CHAMP Private Equity $1,150 2015 Buyout / Corporate Private Equity

Yangtze River Economic Zone Industrial Buyout Fund

Changjiang Securities $819 2014 Buyout / Corporate Private Equity

Cheraman Premium Fund Cheraman Group $39 2013 Venture Capital / Growth Equity

CherubicVentures RMB Fund I CherubicVentures $49 2015 Venture Capital / Growth Equity

China Broadband Capital Partners IIIChina Broadband Capital Partners (CBC Capital)


Everbright Medical Healthcare Fund II China Everbright Investment Management $196 2013 Buyout / Corporate Private Equity

China Everbright Multi Strategy Fund of Funds China Everbright Investment Management $1,640 2015 Fund of Funds / Co-Investment

CICC Qianhai Development Fund China International Capital Corporation $3,270 2014 Venture Capital / Growth Equity

China Life Sciences Access Fund China Life Sciences Access Fund $80 2013 Venture Capital / Growth Equity

China Film Fund China Media Capital $300 2015 Buyout / Corporate Private Equity

China Media Creative Industrial Investment Fund II China Media Capital $164 2015 Buyout / Corporate Private Equity

China Merchants Mizuho Growth Fund China Merchants Capital $200 2011 Venture Capital / Growth Equity

Shenzhen Qianhai Orient Aier Medical Industry M&A Fund

China Orient Asset Management Corporation (COAMC)

$33 2014 Buyout / Corporate Private Equity

China Harvest Fund III China Renaissance Capital Investment $750 2012 Venture Capital / Growth Equity

CSMI RuiAn FundChina Science & Merchants Investment (Fund) Management (CSMI)


Dongguan CSM Zhongguang Private Equity FundChina Science & Merchants Investment (Fund) Management (CSMI)


Yangquan Coal Kinglink Investment Fund (YCKIF) China Soft Capital $491 2014 Buyout / Corporate Private Equity

CDIB BiotechVenture Capital Fund ChinaVenture Management $51 2014 Venture Capital / Growth Equity

ChrysCapital VII ChrysCapital $600 2015 Venture Capital / Growth Equity

Chushang CapitalVenture Capital Fund Chushang Capital $82 2014 Venture Capital / Growth Equity

ASEAN Industrial Growth Fund (AIGF) CIMB Private Equity &Venture Capital $200 2013 Venture Capital / Growth Equity

CITIC Capital China Partners III CITIC Capital $1,500 2016 Buyout / Corporate Private Equity

CITIC Capital Japan Partners III CITIC Capital - 2016 Buyout / Corporate Private Equity

ClearVue Partners II ClearVue Partners $425 2015 Venture Capital / Growth Equity

Clearwater Capital Partners Fund V Clearwater Capital Partners $650 2016 Mezzanine / Debt

Yi Ming China Fund CMIA Capital Partners $150 2014 Venture Capital / Growth Equity

COPE Opportunities IV CMS Opus Private Equity $94 2015 Venture Capital / Growth Equity

Cobalt Equity Partners Fund I Cobalt Equity Partners $500 2015 Venture Capital / Growth Equity

Conchubar Clean Energy Fund Conchubar Capital Management $150 2013 Venture Capital / Growth Equity

Contrarian Opportunities Fund I Contrarian Capital India Partners $50 2013 Venture Capital / Growth Equity

Contrarian Vriddhi Fund - 1 Contrarian Drishti Partners $9 2014 Venture Capital / Growth Equity

South Sea Growth Fund VI Cowin Capital $246 2014 Venture Capital / Growth Equity

Creador III Creador $450 2015 Venture Capital / Growth Equity

Chongqing Run Ke Equity Investment Fund Credit China $164 2013 Mezzanine / Debt

CX Partners Fund II CX Partners $400 2013 Venture Capital / Growth Equity

CA Asia Internet Fund II CyberAgentVentures $50 2015 Venture Capital / Growth Equity

Cybernaut Skolkovo Fund Cybernaut Capital $200 2015 Venture Capital / Growth Equity

DCMVentures China Turbo Affiliates Fund DCM-Doll Capital Management $10 2014 Venture Capital / Growth Equity

DCMVentures China Turbo Fund DCM-Doll Capital Management $170 2014 Venture Capital / Growth Equity

DCMVentures China Fund (DCM VIII) DCM-Doll Capital Management $400 2015 Venture Capital / Growth Equity

Decheng Capital China Life Sciences USD Fund II Decheng Capital $250 2015 Venture Capital / Growth Equity

China Sports - Dingxin Industrial Fund Dingxin Capital $49 2013 Venture Capital / Growth Equity

Mekong Brahmaputra Clean Development Fund II Dragon Capital (Vietnam) $100 2016 Venture Capital / Growth Equity

Athena Annex Draper Fisher Jurvetson $8 2013 Venture Capital / Growth Equity

Japanese Limited Partnership DRC III DRC Capital Ltd. $122 2014 Buyout / Corporate Private Equity

DSG Consumer Partners II DSG Consumer Partners $50 2015 Venture Capital / Growth Equity

Eagle Asia Fund III Eagle Asia Partners - 2015 Fund of Funds / Co-Investment

EW Special Opportunities Fund II (ESOF II) Edelweiss Capital $400 2015 Mezzanine / Debt

Edmond de Rothschild Investment Partners China II Edmond de Rothschild Investment Partners $204 2014 Venture Capital / Growth Equity

SeedSurge eHealth TBI $16 2013 Venture Capital / Growth Equity

EGAT Public Infrastructure FundElectricity Generating Authority of Thailand (EGAT)


Cambodia-Laos Development Fund II (CLDF II) Emerging Market Investments (EMI) $70 2015 Venture Capital / Growth Equity

Cambodia-Laos-Myanmar Development Fund IIEmerging Markets Investment Advisers (duplicate)




EMR Capital Co-Investment EMR Capital $140 2014 Venture Capital / Growth Equity

EMR Capital Resources Fund II EMR Capital $750 2016 Venture Capital / Growth Equity

Endiya Partners Fund I Endiya Partners $30 2015 Venture Capital / Growth Equity

EVC II Entrepreneurship andVenture Capital $50 2016 Venture Capital / Growth Equity

Espirito Santo India Fund Espirito Santo Capital $340 2013 Venture Capital / Growth Equity

Evolvence India Fund II Evolvence India $400 2013 Fund of Funds / Co-Investment

Excelsior Capital Asia Partners V Excelsior Capital Asia $240 2014 Venture Capital / Growth Equity

Regional Early Stage Fund Expara $22 2015 Venture Capital / Growth Equity

EXS Capital Fund EXS Capital - 2013 Buyout / Corporate Private Equity

Fairwinds II Fairwinds Asset Managers $300 2014 Buyout / Corporate Private Equity

Falcon House Partners Indonesia Fund II Falcon House Partners $300 2015 Venture Capital / Growth Equity

FE Asia Clean Energy Fund FE Clean Energy Group $250 2014 Venture Capital / Growth Equity

FenoxVenture Capital Bangladesh Fund FenoxVenture Capital $200 2014 Venture Capital / Growth Equity

F8 Asia Growth SPV Formation 8 $400 2015 Venture Capital / Growth Equity

Fortune Chongwing Fund FortuneVenture Capital $819 2014 Venture Capital / Growth Equity

Fosun India Growth Fund Fosun Capital Group $1,000 2013 Venture Capital / Growth Equity

Fosun Weishi Fund Fosun Capital Group $409 2013 Venture Capital / Growth Equity

FountainVest China Capital Partners Fund III FountainVest Partners - 2016 Venture Capital / Growth Equity

Franklin Templeton Private Equity Strategy II Franklin Templeton Investments $94 2014 Mezzanine / Debt

CLMV Opportunities Fund Frontier Investment & Development Partners $100 2013 Venture Capital / Growth Equity

FulcrumVenture India Fund III FulcrumVenture India $50 2015 Venture Capital / Growth Equity

GF Xinde Healthcare Industry Fund GF Xinde Investment Management - 2013 Buyout / Corporate Private Equity

Glade Brook Private Investors VII Glade Brook Capital Partners - 2015 Venture Capital / Growth Equity

Glade Brook Private Investors VIII Glade Brook Capital Partners - 2016 Venture Capital / Growth Equity

Global Brain No.5 Investment Limited Partnership Global Brain Corporation $122 2013 Venture Capital / Growth Equity

Globis Fund IV Globis Capital Partners & Co. (GCP) $122 2012 Venture Capital / Growth Equity

Gobi ASEAN Fund II Gobi Partners $100 2012 Venture Capital / Growth Equity

Technology and Innovation Fund I Golden Equator Capital $44 2015 Venture Capital / Growth Equity

GravityVenture Capital Fund I GravityVenture Capital $30 2015 Venture Capital / Growth Equity

GRC SinoGreen Fund III GRC Managers $200 2012 Venture Capital / Growth Equity

AT-I Investment GREEVentures - 2014 Venture Capital / Growth Equity

AT-II Investment GREEVentures $568 2016 Venture Capital / Growth Equity

GSRVentures RMB Fund II GSRVentures $246 2013 Venture Capital / Growth Equity

GSRVentures V GSRVentures $150 2015 Venture Capital / Growth Equity

New three board Innovation Investment Equity Investment Fund

GTJA Innovation Investment $16 2014 Venture Capital / Growth Equity

YueruiVenture Capital GuangDong MerchantVenture Capital $82 2014 Venture Capital / Growth Equity

Rongyi HengliVenture Capital Fund Guangdong Rongyi Innovation Investment $82 2013 Venture Capital / Growth Equity

Guangxi Beibu Gulf Industrial Investment Fund Guangxi Investment Group $3,270 2012 Venture Capital / Growth Equity

Guangzhou Guozi Industrial Development FundGuangzhou Yuexiu Industrial Investment Management Company

$475 2013 Fund of Funds / Co-Investment

Guizhou Industry Investment Fund Guizhou Investment Group $819 2014 Buyout / Corporate Private Equity

JapaneseVenture Fund GujaratVenture Finance Limited (GVFL) $1,000 2014 Venture Capital / Growth Equity

Value Multiplier Fund GujaratVenture Finance Limited (GVFL) $79 2014 Venture Capital / Growth Equity

Guosen Han's Laser Robot Industrial Fund Guosen Han's Laser Asset Management $164 2015 Venture Capital / Growth Equity

Haitong RMBBuyout Fund I Haitong Securities $491 2013 Buyout / Corporate Private Equity

Liaoning New Energy and Low Carbon Investment Fund - JointVenture

Haitong Securities $819 2013 Venture Capital / Growth Equity

PBCSF Innovation Investment Fund Harvest Capital (SCHC) $164 2014 Venture Capital / Growth Equity

Silicon Valley Kaile Yuanzun Restructuring Fund Heaven-Sent Capital Management Group $82 2015 Buyout / Corporate Private Equity

Comix Hejun Industry Fund Hejun Capital $82 2014 Buyout / Corporate Private Equity

Haihe Entertainment & Internet Equity Investment I Hejun Capital $82 2014 Buyout / Corporate Private Equity

HelionVenture Partners IV HelionVenture Partners $300 2015 Venture Capital / Growth Equity

Hera Capital Holdings II Hera Capital $20 2014 Venture Capital / Growth Equity

Heyuan SMEs Fund Heyuan Capital Asset Management $327 2015 Buyout / Corporate Private Equity

Hillhouse Capital Fund III Hillhouse Capital Management - 2015 Venture Capital / Growth Equity

Jiangsu Province Emerging Industrial Investment Fund - JointVenture

Hony Capital $1,640 2013 Venture Capital / Growth Equity

Hony Capital Fund VIII - coinvestment Hony Capital $600 2016 Fund of Funds / Co-Investment

Hopu Master Fund II Hopu Investment Management $2,000 2013 Buyout / Corporate Private Equity

New Hope Agriculture and Food Fund II Hosen Capital $400 2013 Venture Capital / Growth Equity

Auda Asia IV HQ Capital $300 2015 Fund of Funds / Co-Investment

Auda Asia Secondary Fund HQ Capital $200 2015 Secondaries

Hanxing EnlightVenture Investment Fund Huaxing Capital $164 2014 Venture Capital / Growth Equity

Huaxing Capital Partners II Huaxing Capital $150 2015 Venture Capital / Growth Equity

Charioteer Fund-I I4L Funds Management $39 2013 Venture Capital / Growth Equity

ICICI Prudential Alternative Debt Fund ICICI Prudential Asset Management Company $168 2014 Mezzanine / Debt




India Advantage Fund Series 4 (IAF Series 4) ICICIVenture $500 2014 Buyout / Corporate Private Equity

Ideaspring Capital Fund Ideaspring Capital $47 2016 Venture Capital / Growth Equity

IDFC Private Equity Fund IV IDFC Alternatives Limited $400 2015 Venture Capital / Growth Equity

IDG CreditEase Financial Innovation Fund I IDGVentures $100 2013 Mezzanine / Debt

IDG 90s Fund IDGVentures $100 2014 Venture Capital / Growth Equity

IDG China Capital Fund III IDGVentures $1,000 2015 Venture Capital / Growth Equity

IDGVentures India Fund III IDGVentures $200 2016 Venture Capital / Growth Equity

IFMR FImpact Investment Fund IFMR Investment Managers $11 2014 Mezzanine / Debt

IIFL SeedVentures Fund I IIFL Holdings $157 2015 Venture Capital / Growth Equity

Tara India Fund IV IL&FS Investment Managers Ltd $100 2011 Venture Capital / Growth Equity

IMJ Investment Partners Japan Fund I IMJ Investment Partners $49 2016 Venture Capital / Growth Equity

India Quotient Fund II India Quotient $24 2015 Venture Capital / Growth Equity

IndiaVenture Advisors Trust Fund II IndiaVenture Advisors $157 2012 Venture Capital / Growth Equity

Indus Media Capital Indus Media Entertainment $50 2014 Venture Capital / Growth Equity

Huamei Technology VC FundIndustrial Technology Investment Corporation (ITIC)


Golden Asia Fund Taiwan IIIndustrial Technology Investment Corporation (ITIC)


Infinity e.venture Asia III InfinityVenture Partners $100 2014 Venture Capital / Growth Equity

Inflexion Point Japan Fund Inflexion Point Capital (IPC) $15 2014 Venture Capital / Growth Equity

Infuse Capital InfuseVentures $25 2012 Venture Capital / Growth Equity

Innovation Works Development Fund III Innovation Works $250 2015 Venture Capital / Growth Equity

PNB-Inspire Ethical Fund Inspire Corporation $49 2014 Venture Capital / Growth Equity

Intermediate Capital Asia Pacific Mezzanine Fund III 2014

Intermediate Capital Group - 2014 Mezzanine / Debt

Inventis China Growth Fund VI Inventis Investment Holdings (China) $3,000 2012 Venture Capital / Growth Equity

Inventus Capital Partners Fund III Inventus Capital Partners $150 2016 Venture Capital / Growth Equity

Ironwood Capital Partners Sri Lankan SME Fund Ironwood Capital Partners $30 2014 Venture Capital / Growth Equity

IvyCapVentures Trust Fund II IvyCapVentures Advisors Private Limited $200 2014 Venture Capital / Growth Equity

IxoraVenture IxoraVentures $10 2013 Venture Capital / Growth Equity

JANVEST II JANVEST Technologies $5 2013 Venture Capital / Growth Equity

JPE Private Equity No.4 Japan Private Equity (JPE) $41 2013 Buyout / Corporate Private Equity

Ambit Flowers Asset Reconstruction Fund JC Flowers & Co. $100 2016 Mezzanine / Debt

Jiuding AgriculturalBuyout Fund JD Capital (Kunwu Jiuding Capital) $33 2013 Buyout / Corporate Private Equity

Jiuding Strategic Fund JD Capital (Kunwu Jiuding Capital) $491 2013 Venture Capital / Growth Equity

Kunwu Jiuding Debt Fund JD Capital (Kunwu Jiuding Capital) $1,640 2013 Mezzanine / Debt

Dagze Jiarun JD Capital (Kunwu Jiuding Capital) - 2014 Buyout / Corporate Private Equity

Dagze Junhe JD Capital (Kunwu Jiuding Capital) - 2014 Buyout / Corporate Private Equity

Lhasa Kunwu JD Capital (Kunwu Jiuding Capital) - 2014 Buyout / Corporate Private Equity

Beijing Water Jiuding Environmental Industry Fund JD Capital (Kunwu Jiuding Capital) $327 2015 Buyout / Corporate Private Equity

Jiuding Mid-Market Growth Capital Fund JD Capital (Kunwu Jiuding Capital) $819 2015 Venture Capital / Growth Equity

Vikram Pandit - JM Financial Distressed Fund JM Financial $100 2013 Distressed / Turnaround

Joshua Tree Fund I Joshua Tree Asia Investments $350 2012 Venture Capital / Growth Equity

Pakistan Private Investment Initiative JS Private Equity JS Private Equity Management $100 2013 Venture Capital / Growth Equity

JungleVentures II JungleVentures $100 2015 Venture Capital / Growth Equity

SeedPlus Singapore JungleVentures $20 2015 Venture Capital / Growth Equity

Jupiter Sri Lanka Growth Fund Jupiter Capital Partners $75 2014 Venture Capital / Growth Equity

Kae Capital Fund II Kae Capital $40 2015 Venture Capital / Growth Equity

Kaiwu Walden Capital Kaiwu Capital $150 2012 Venture Capital / Growth Equity

Kaizen pan-Asian fund Kaizen Private Equity $120 2014 Venture Capital / Growth Equity

Kalaari Capital Partners Opportunity Fund Kalaari Capital $75 2015 Venture Capital / Growth Equity

Creation of Future Investment Fund KB incubator KB Investment - 2014 Venture Capital / Growth Equity

KK Fund I KK Fund - 2015 Venture Capital / Growth Equity

India Alternative Credit Opportunities Fund II Kohlberg Kravis Roberts (KKR) $236 2015 Mezzanine / Debt

KKR India Debt Opportunities Fund II Kohlberg Kravis Roberts (KKR) $236 2016 Mezzanine / Debt

KKR India Debt Opportunities Fund III Kohlberg Kravis Roberts (KKR) $79 2014 Mezzanine / Debt

Shanghai Founder KIP Partnership II Korea Investment Partners - 2016 Venture Capital / Growth Equity

Kotak Special Situation Credit Opportunity Fund Kotak Mahindra Group $606 2013 Mezzanine / Debt

Kotak India Private Equity Fund III Kotak Mahindra Group $300 2015 Venture Capital / Growth Equity

KSP Capital Investment Fund 4 KSP $41 2014 Venture Capital / Growth Equity

LC Fund VII Legend Capital - 2016 Venture Capital / Growth Equity

Leopard Myanmar Fund Leopard Capital $100 2013 Venture Capital / Growth Equity

Crown Asia-Pacific Private Equity III LGT Capital Partners - 2014 Fund of Funds / Co-Investment

Ling Shi Investment Fund Ling Shi Capital Management $164 2014 Buyout / Corporate Private Equity

Lok Capital III Lok Capital $100 2015 Venture Capital / Growth Equity

New Jin Merchants Private Equity Fund Longhua QiFu Investment $246 2012 Venture Capital / Growth Equity

LotusPool Capital Fund I LotusPool Capital $125 2011 Buyout / Corporate Private Equity

http://e.venture



Lunar Capital Partners IV Lunar Capital $380 2015 Buyout / Corporate Private Equity

Luzheng MOSO Industry Fund LuzhengVenture Capital Investment $49 2014 Buyout / Corporate Private Equity

MHC&C - VivantVentures Accelerator Fund M.H. Carnegie & Co. (MHC&C) $61 2013 Venture Capital / Growth Equity

Asia Development Fund Makara Capital $888 2013 Venture Capital / Growth Equity

Axiata Digital Innovation Fund (ADIF)MalaysiaVenture Capital Management (MAVCAP)


Mandala Capital Fund II Mandala Capital - 2015 Venture Capital / Growth Equity

Matrix Partners India II Extension Matrix Partners $110 2016 Venture Capital / Growth Equity

MBK Partners IV MBK Partners $4,000 2016 Buyout / Corporate Private Equity

Dragon Tiger Capital Partners Media Asia $200 2014 Buyout / Corporate Private Equity

825 Fund Two Meridian Capital China $327 2016 Venture Capital / Growth Equity

Cool Japan Fund Ministry of Economy, Trade and Industry $1,220 2013 Venture Capital / Growth Equity

Mizuho ASEAN PE Fund Mizuho Asia Partners $200 2012 Venture Capital / Growth Equity

Mizuho Capital Partners Mezzanine 3 Mizuho Capital Partners $244 2014 Mezzanine / Debt

Monk's HillVentures Insight Fund I Monk's HillVentures $8 2015 Venture Capital / Growth Equity

Morgan Creek Partners Asia II Morgan Creek Capital Management $300 2013 Fund of Funds / Co-Investment

Morningside China TMT Fund IV Co-Investment MorningsideVentures $60 2015 Fund of Funds / Co-Investment

Morningside China TMT Special Opportunity Fund II MorningsideVentures $200 2015 Venture Capital / Growth Equity

Movac Fund 4 Movac $87 2016 Venture Capital / Growth Equity

Growth Ladder Fund Multi Asset Global Investment $5,330 2013 Venture Capital / Growth Equity

Multiples Private Equity Fund IIMultiples Alternate Asset Management (Multiples Private Equity)


Plenty Private Equity Fund IMultiples Alternate Asset Management (Multiples Private Equity)


N5Capital Fund I N5 Capital $200 2015 Venture Capital / Growth Equity

Emerald Sri Lanka Fund I NDB Zephyr Partners $50 2014 Venture Capital / Growth Equity

NDE Fund II NDE Capital $350 2013 Venture Capital / Growth Equity

Nepoch Capital Fund I Nepoch Capital $500 2013 Venture Capital / Growth Equity

Cathay Capital Holdings III New China Capital Management $500 2013 Venture Capital / Growth Equity

NewQuest Asia Fund III NewQuest Capital Partners $500 2015 Secondaries

Next Capital III Next Capital $230 2013 Buyout / Corporate Private Equity

Kojimachi Opportunities Fund Next Capital Partners $49 2013 Distressed / Turnaround

Hanzomon Opportunities Fund Next Capital Partners $49 2013 Distressed / Turnaround

Next OrbitVentures II Next OrbitVentures $750 2015 Venture Capital / Growth Equity

Nexus India Capital V NexusVenture Partners $400 2015 Venture Capital / Growth Equity

Nippon Sangyo Suishin Kiko Fund I Nippon Sangyo Suishin Kiko $81 2014 Buyout / Corporate Private Equity

MarathonVenture Partners Northern LightVenture Capital $125 2015 Venture Capital / Growth Equity

Northern LightVenture Fund IV Northern LightVenture Capital $400 2015 Venture Capital / Growth Equity

Asia Environmental Partners II Olympus Capital Holdings Asia $300 2014 Venture Capital / Growth Equity

Olympus Capital Asia V Olympus Capital Holdings Asia $750 2015 Venture Capital / Growth Equity

Omnivore Capital 2 India Omnivore Capital $70 2016 Venture Capital / Growth Equity

OneVentures Innovation Fund II OneVentures $100 2014 Venture Capital / Growth Equity

Oorja Capital Partners Oorja Capital $60 2015 Venture Capital / Growth Equity

Orion Bluebell Fund Orion Partners $300 2015 Venture Capital / Growth Equity

OriosVenture Partners Fund II OriosVenture Partners $150 2015 Venture Capital / Growth Equity

OUVC Fund I Osaka UniversityVenture Capital - 2015 Venture Capital / Growth Equity

OCBC Capital Equity Investment FundOverseas Chinese Banking Corporation (OCBC) Group


Pacific Harbor Fund Pacific Harbor Holdings $1,000 2013 Mezzanine / Debt

Pan Pacific Capital Fund Pan Pacific Capital $70 2013 Venture Capital / Growth Equity

Paragon Partners I Paragon Partners $200 2015 Venture Capital / Growth Equity

Parampara Fund I Parampara Capital - 2015 Venture Capital / Growth Equity

PVC II PeeshVenture Capital - 2014 Venture Capital / Growth Equity

Private Equity New Markets IV PENM Partners $180 2015 Venture Capital / Growth Equity

Kunming Ping An healthcare M&A fund Ping An Insurance (Group) Co. of China $82 2014 Buyout / Corporate Private Equity

Pioneer Capital Partners II Pioneer Capital Partners $131 2013 Venture Capital / Growth Equity

Piramal India Resurgent Funds Piramal Enterprises $944 2016 Mezzanine / Debt

Portfolio Advisors Asia Fund V Portfolio Advisors - 2015 Fund of Funds / Co-Investment

Special Opportunities Fund Asia Precision Capital $50 2012 Fund of Funds / Co-Investment

Primavera Capital Fund II Primavera Capital Group $1,500 2014 Venture Capital / Growth Equity

AngelPrime Partners Fund PrimeVenture Partners $14 2015 Venture Capital / Growth Equity

Principle USD Fund Principle Capital $200 2014 Buyout / Corporate Private Equity

Principle Capital Fund IV Principle Capital $350 2016 Venture Capital / Growth Equity

Providence RMB Equity Investment Fund Providence Equity Partners - 2012 Venture Capital / Growth Equity

PTC India Energy Fund PTC India $50 2014 Venture Capital / Growth Equity

Purple Horse Ruiying PE FOF III Purple Horse Fund $8 2012 Fund of Funds / Co-Investment

Qiming RMB Fund III QimingVenture Partners $164 2014 Venture Capital / Growth Equity




India Build-Out Fund II Quadria Capital $118 2010 Venture Capital / Growth Equity

China StrategicVenture Fund QualcommVentures $150 2014 Venture Capital / Growth Equity

Indian Strategic Fund QualcommVentures $150 2015 Venture Capital / Growth Equity

India Agri Business Fund II Rabo Equity Advisors $200 2012 Venture Capital / Growth Equity

RVCF III Rajasthan Asset Management Company $79 2014 Venture Capital / Growth Equity

RakutenVentures Japan Fund RakutenVentures $81 2016 Venture Capital / Growth Equity

Rebright Partners II Rebright Partners $20 2015 Venture Capital / Growth Equity

Reinventure Fund II Reinventure Group $77 2016 Venture Capital / Growth Equity

Shenshang Richland XingyeVenture Capital Fund Richland Equities $82 2013 Venture Capital / Growth Equity

Asia Climate Partners Robeco $750 2014 Venture Capital / Growth Equity

RWB Special Market Asia II RWB Private Capital Fonds - 2013 Fund of Funds / Co-Investment

Ryerson & Chokhani India Technology Fund - JointVenture

Ryerson Futures Inc. $15 2014 Venture Capital / Growth Equity

Saama Capital III Saama Capital $50 2015 Venture Capital / Growth Equity

Sabre Partners Fund IV Sabre Partners India $100 2014 Venture Capital / Growth Equity

Sagamore China Partners III Sagamore Investments $150 2012 Fund of Funds / Co-Investment

Sagamore China Partners IV Sagamore Investments - 2016 Fund of Funds / Co-Investment

Samara Capital Partners Fund II Samara Capital $300 2013 Venture Capital / Growth Equity

Sankhya Women Impact Fund Sankhya Partners $10 2014 Venture Capital / Growth Equity

SapienVentures Fund SapienVentures $38 2015 Venture Capital / Growth Equity

SBCVC Fund V SB ChinaVenture Capital $400 2014 Venture Capital / Growth Equity

SBI Finansa Private Equity I SBI Finansa Private Equity Partners $50 2015 Venture Capital / Growth Equity

SBI-FMO Emerging Asian Financial Sector Fund SBI Holdings $125 2012 Venture Capital / Growth Equity

Science India Fund Science Inc $30 2015 Venture Capital / Growth Equity

SEAF India Agribusiness International Fund II SEAF $150 2015 Venture Capital / Growth Equity

Sealink Capital I Sealink Capital $250 2014 Venture Capital / Growth Equity

SEAVI Advent Equity VI Fund SEAVI Advent $200 2013 Buyout / Corporate Private Equity

Sequoia Capital China Growth Fund IV Sequoia Capital $900 2016 Venture Capital / Growth Equity

Sequoia Capital ChinaVenture Fund VI Sequoia Capital $550 2016 Venture Capital / Growth Equity

Sailing New Culture Private Equity Fund IShanghai International Group (SIG, Sailing Capital)


Shanghai Healthcare Industry Investment Fund Shanghai Real Power Capital $491 2015 Buyout / Corporate Private Equity

Yuankang Shanda Fund Shanghai Shanda Capital $33 2013 Fund of Funds / Co-Investment

Beijing Red Earth JiaheVenture Capital Fund Shenzhen Capital Group $82 2014 Venture Capital / Growth Equity

Hongtu Mobile Internet Fund Shenzhen Capital Group $57 2014 Venture Capital / Growth Equity

Shenzhen Huaxin RuichengVenture Investment Shenzhen Huaxin Zhongcheng Investment $33 2013 Venture Capital / Growth Equity

Oriental Fortune Loongs Media Fund Shenzhen Oriental Fortune Capital $327 2014 Venture Capital / Growth Equity

Shunwei China Internet Opportunity Fund II Shunwei Capital Partners $500 2015 Venture Capital / Growth Equity

Samridhi Fund SIDBIVenture Capital $551 2013 Venture Capital / Growth Equity

SiemensVenture Capital Renminbi Fund SiemensVenture Capital - 2013 Venture Capital / Growth Equity

Cloud Startup Fund Sify Technologies $24 2013 Venture Capital / Growth Equity

SkateboatVenture Capital Fund SkateboatVenture Capital $100 2016 Venture Capital / Growth Equity

India Aspiration Fund (IAF)Small Industries Development Bank of India (SIDBI)

$31 2015 Fund of Funds / Co-Investment

SoftBank PrinceVille Investments Annex Fund Softbank Capital Partners $150 2014 Venture Capital / Growth Equity

Somerset Indus Healthcare Fund II Somerset Indus Capital Partners - 2015 Venture Capital / Growth Equity

Shenzhen Qianhai Southern RaytaiBuyout Fund Southern Raytai Fund Management $82 2013 Buyout / Corporate Private Equity

MLS Capital Fund II Spruce Capital Partners $250 2015 Venture Capital / Growth Equity

Stakeboat Capital Fund I Stakeboat Capital $100 2016 Venture Capital / Growth Equity

Startup Village Angel Fund-1 Startup Village $10 2013 Venture Capital / Growth Equity

Aaruha Technology Fund StartupXseedVentures $16 2015 Venture Capital / Growth Equity

Oman India Joint Investment Fund II State General Reserve Fund of Oman $350 2014 Venture Capital / Growth Equity

SteamboatVentures VI SteamboatVentures $100 2016 Venture Capital / Growth Equity

Stepstone Az China And Asia Opportunities Fund StepStone Group - 2015 Fund of Funds / Co-Investment

STIC Private Equity Fund III STIC Investments $300 2013 Venture Capital / Growth Equity

STIC Shariah Private Equity Fund III STIC Investments $100 2013 Venture Capital / Growth Equity

STIC Special Situation Fund STIC Investments $578 2016 Buyout / Corporate Private Equity

Shangahai Summitview Integrated Circuit Information IndustryVenture Capital Fund I

Summitview Capital $1,640 2014 Venture Capital / Growth Equity

SunBridge Partners JJV Fund SunBridge Partners $10 2013 Venture Capital / Growth Equity

Sydney Seed Fund Sydney Seed Fund $2 2013 Venture Capital / Growth Equity

Taiwan M&A Fund Taiwan's National Development Council $680 2015 Buyout / Corporate Private Equity

Tata Capital Healthcare Fund II Tata Capital - 2016 Venture Capital / Growth Equity

TDF Capital China III TDF Capital $200 2014 Venture Capital / Growth Equity

Media Entertainment Fund Tembusu Partners $100 2014 Venture Capital / Growth Equity

TFBuyout Fund TF Securities $82 2014 Buyout / Corporate Private Equity

Pakistan Private Investment Initiative Abraaj The Abraaj Group $100 2013 Venture Capital / Growth Equity



CJP III Coinvestment The Carlyle Group - 2013 Fund of Funds / Co-Investment

Carlyle Asia Structured Credit Opportunities Fund The Carlyle Group $1,000 2014 Mezzanine / Debt

CASCOF Coinvestment The Carlyle Group - 2015 Mezzanine / Debt

Carlyle Asia Growth Partners V The Carlyle Group $1,000 2016 Venture Capital / Growth Equity

India Internet Group II The India Internet Group $15 2015 Venture Capital / Growth Equity

Third Eye Cinema Fund Third Eye Cinema Fund $31 2014 Venture Capital / Growth Equity

Tiantu China Consumer Fund I Tiantu Capital $100 2014 Venture Capital / Growth Equity

Tibet DongWei XingHua Investment Centre Tibet DongWei $1,640 2016 Buyout / Corporate Private Equity

TimesboleBuyout Fund TimesboleVenture Capital Management $29 2014 Buyout / Corporate Private Equity

TMCAP2015 Tokio Marine Capital Co., Ltd. $487 2015 Buyout / Corporate Private Equity

Tokio Marine Mezzanine Fund Tokio Marine Mezzanine Corporation $244 2013 Mezzanine / Debt

TBSVenture Capital Fund Tokyo Broadcasting System VC Unit $15 2013 Venture Capital / Growth Equity

TR Capital III TR Capital $250 2015 Fund of Funds / Co-Investment

TA Asian Consumers Capital Partners TransAsia Private Capital - 2013 Distressed / Turnaround

Trifecta Capital PartnersVenture Debt Fund Trifecta Capital Partners $63 2014 Mezzanine / Debt

Triple P Capital Fund I Triple P Capital $120 2014 Venture Capital / Growth Equity

Triton Investment Fund Triton Investment Advisors $8 2015 Venture Capital / Growth Equity

Trustbridge Partners V Trustbridge Partners $1,000 2014 Venture Capital / Growth Equity

Qinghai TH Capital TechnologyVenture Capital Fund Tsinghua Holdings $82 2013 Venture Capital / Growth Equity

Redbud Capital Fund II Tsinghua Holdings $409 2013 Fund of Funds / Co-Investment

Redbud Capital Fund III - Redbud Huatong Tsinghua Holdings $491 2015 Fund of Funds / Co-Investment

UnicapVenture Fund – I Unicap Advisory $31 2013 Venture Capital / Growth Equity

Unicorn IndiaVentures Fund I Unicorn IndiaVentures $24 2015 Venture Capital / Growth Equity

UG ChinaVenture II United Gain Investment $100 2014 Venture Capital / Growth Equity

United Orient Capital Fund United Overseas Bank (UOB) $200 2014 Mezzanine / Debt

InnoVen Capital - JointVenture United Overseas Bank (UOB) $500 2015 Mezzanine / Debt

Unitus Livelihoods Impact Fund Unitus Impact $50 2013 Venture Capital / Growth Equity

ÜNLÜ & Co III ÜNLÜ & Co $250 2014 Buyout / Corporate Private Equity

ASEAN China Investment Fund III UOBVenture Management $200 2015 Venture Capital / Growth Equity

Sino-Singapore Chongqing Connectivity Private Equity Fund

UOBVenture Management $16,370 2016 Venture Capital / Growth Equity

USRG-Shanghai Renewable Energy Fund I US Renewables Group - 2014 Venture Capital / Growth Equity

DICCI SME Fund Varhad Group $79 2013 Venture Capital / Growth Equity

Varhad Female Entrepreneurs Fund Varhad Group $100 2013 Venture Capital / Growth Equity

Ventureast India Fund VenturEast $200 2015 Venture Capital / Growth Equity

Vietnam Fundamental Growth Fund Vietcombank Fund Management $150 2013 Venture Capital / Growth Equity

VI (Vietnam Investments) Fund III Vietnam Investments Group (VI Group) $275 2015 Venture Capital / Growth Equity

Asean Alliance Fund VinaCapital $300 2013 Venture Capital / Growth Equity

Lotus Impact VinaCapital $50 2013 Venture Capital / Growth Equity

China WaldenVenture Investments II Walden International $150 2014 Venture Capital / Growth Equity

Walden IndiaVentures I Walden International - 2015 Venture Capital / Growth Equity

Warburg Pincus Private Equity China Fund Warburg Pincus $2,000 2016 Buyout / Corporate Private Equity

Tulga Fund Watermill Advisors $100 2014 Venture Capital / Growth Equity

WM Partners Fund I (JSPF No. 3) WM Partners $81 2013 Secondaries

Wuxi Xincheng Guolian HejingBuyout Fund Wuxi Guolian Development Group $33 2014 Buyout / Corporate Private Equity

Wynsun Capital Technology Fund II Wynsun Capital Management - 2015 Venture Capital / Growth Equity

ZhongXi Film Industry Fund Ximeng Asset Holdings $246 2013 Venture Capital / Growth Equity

Dinglong XizhengBuyout Fund I Xizheng Equity Investment $49 2014 Buyout / Corporate Private Equity

YJ Capital Fund II YJ Capital - 2015 Venture Capital / Growth Equity

YouWeCanVentures Fund YouWeCanVentures $10 2015 Venture Capital / Growth Equity

O2O Innovative Consumer FundZhejiang ZheshangVenture Investment Management Co., Ltd


Zhen Partners Fund IV ZhenFund $150 2015 Venture Capital / Growth Equity

ZJ Capital US Co-investment fund Zhijing Capital $50 2014 Fund of Funds / Co-Investment

Zhongnan Cultural MediaBuyout Fund Zhongnan Cultural Media Fund Management $491 2014 Buyout / Corporate Private Equity

Zodius Technology Fund II Zodius Capital $75 2014 Venture Capital / Growth Equity

Zodius Capital II Zodius Capital $500 2015 Buyout / Corporate Private Equity

Zodius Technology Opportunities Fund Zodius Capital $40 2016 Venture Capital / Growth Equity

Zoyi Capital I Zoyi Capital $300 2013 Buyout / Corporate Private Equity

Shaanxi Province 3D PrintingVenture Capital Fund ZS Capital $41 2014 Venture Capital / Growth Equity


FOR MORE INFORMATION, VISIT THE PEI BOOKSTORE:www.privateequityinternational.com/bookstore

OVER 40 TITLES COVERING FOURALTERNATIVE ASSET CLASSES

PEI BOOKS | PEI eBOOKS

Free sample content availablefor each title online

Highly practical, incisiveand topical resources

Featuring contributions by up to40 industry experts

Full of unique and compellingexpert intelligence

STORE

16712 Bookstore Advert updates_Layout 1 05/08/2015 11:24 Page 1


2015-16 FINAL CLOSED ASIA-PACIFIC-FOCUSED PRIVATE EQUITY FUNDS (AS OF 13 JUNE 2016)

Fund Name Fund Manager Fund Size ($mn) Year Close Fund Strategy

500 Durians 500 Startups $22 2015 Venture Capital / Growth Equity

Abax Asian Structured Credit Fund II Abax Global Capital $66 2016 Mezzanine / Debt

ABBALab IoE Fund I ABBALab $12 2016 Venture Capital / Growth Equity

Accel India IV Accel Partners $305 2015 Venture Capital / Growth Equity

Accion Frontier Inclusion Fund ACCION $90 2015 Venture Capital / Growth Equity

Adexum Capital Fund II Adexum Capital $57 2015 Venture Capital / Growth Equity

ADV Opportunities Fund I ADV Partners $550 2015 Distressed / Turnaround

A-Fund II DCM-Doll Capital Management $100 2015 Venture Capital / Growth Equity

Allegro Turnaround and Special Situation Fund II Allegro Funds $138 2015 Mezzanine / Debt

Altos Korea Opportunity Fund II Altos Ventures $110 2016 Venture Capital / Growth Equity

Ameba Capital II Ameba Capital $164 2015 Venture Capital / Growth Equity

Anchor Equity Partners Fund II Anchor Equity Partners $850 2015 Venture Capital / Growth Equity

Ant Bridge 4 Private Equity Secondary Investment Fund Ant Capital Partners $219 2016 Secondaries

Ascendent Capital Partners II Ascendent Capital Partners (Asia) Limited $600 2015 Venture Capital / Growth Equity

Asia Alternatives Capital Partners IV Asia Alternatives Management LLC $1,800 2015 Fund of Funds / Co-Investment

Bain Capital Asia Fund III Bain Capital $3,000 2015 Buyout / Corporate Private Equity

Banyan Partners Co-Invest 2015 Banyan Capital $100 2015 Venture Capital / Growth Equity

Banyan Partners Fund II Banyan Capital $362 2015 Venture Capital / Growth Equity

Banyan Partners RMB Fund II Banyan Capital $92 2015 Venture Capital / Growth Equity

Baring Asia Private Equity Fund VI Baring Private Equity Asia $3,980 2015 Venture Capital / Growth Equity

Blackbird Venture Capital Fund II Blackbird Ventures $153 2015 Venture Capital / Growth Equity

BlueRun China Ventures III BlueRun Ventures $200 2015 Venture Capital / Growth Equity

Carlyle Japan Partners III The Carlyle Group $970 2015 Buyout / Corporate Private Equity

CASH Fund IICASH Capital (Beijing) Investment Management


CDIB Capital Asia Partners CDIB Capital International Corporation $405 2015 Venture Capital / Growth Equity

China Everbright ReinFore Special Opportunities Fund China Everbright Investment Management $355 2016 Venture Capital / Growth Equity

CLSA Aviation Private Equity Fund I CLSA Capital Partners $58 2016 Buyout / Corporate Private Equity

Continuity Capital Private Equity Fund No.2 Continuity Capital Partners $40 2016 Fund of Funds / Co-Investment

Core Infrastructure Indian Fund Kotak Mahindra Group $90 2015 Venture Capital / Growth Equity

Corstone Growth Strategy M&A Private Equity Fund Corstone Capital $133 2016 Venture Capital / Growth Equity

CPE China Fund II CITIC Private Equity Funds Management $1,290 2015 Venture Capital / Growth Equity

EMR Capital Resources Fund 1 EMR Capital $450 2015 Venture Capital / Growth Equity

Envision Venture Evergreen Fund Envision Capital $100 2015 Venture Capital / Growth Equity

Equis Asia Fund II Equis Funds Group $1,010 2015 Venture Capital / Growth Equity

Equis Direct Investment Fund Equis Funds Group $299 2015 Venture Capital / Growth Equity

Everbright Medical Healthcare Fund I China Everbright Investment Management $98 2015 Buyout / Corporate Private Equity

Everstone Capital Partners III Everstone Capital $731 2015 Venture Capital / Growth Equity

Fulcrum Venture India Fund II Fulcrum Venture India $16 2015 Venture Capital / Growth Equity

Gaja Capital Fund II Gaja Capital Partners $240 2015 Buyout / Corporate Private Equity

Gateway Mezzanine Partners II Babson Capital Management $178 2015 Mezzanine / Debt

Glade Brook Private Investors II Glade Brook Capital Partners $127 2015 Venture Capital / Growth Equity

Gobi MAVCAP ASEAN SuperSeed Fund Gobi Partners $15 2016 Venture Capital / Growth Equity

Gobi Yingzhi Fund II Gobi Partners $98 2015 Venture Capital / Growth Equity

Golden Gate Ventures Fund II Golden Gate Ventures $50 2015 Venture Capital / Growth Equity

Gumi Ventures II Gumi Ventures $16 2015 Venture Capital / Growth Equity

Hahn & Co II Hahn & Co. $1,230 2015 Buyout / Corporate Private Equity

Hahn & Co II Co-investment Hahn & Co. $700 2015 Fund of Funds / Co-Investment

Harvest Military Industrial Fund I Harvest Capital $49 2015 Venture Capital / Growth Equity

Harvest Military Industrial Fund II Harvest Capital $82 2015 Venture Capital / Growth Equity

Hillhouse Capital Fund I Hillhouse Capital Management $2,000 2015 Venture Capital / Growth Equity

Hony Capital Fund VIII Hony Capital $2,700 2016 Buyout / Corporate Private Equity

Hony Mezzanine Fund II Hony Capital $336 2015 Mezzanine / Debt

IDG-SMBA VC Fund IDG Ventures $89 2015 Venture Capital / Growth Equity

IFC Jungle Ventures II - Co-Investment International Finance Corporation (IFC) $10 2015 Venture Capital / Growth Equity

Incubate Fund No.3 Incubate Fund $89 2015 Venture Capital / Growth Equity

India 2020 Fund II Lighthouse Funds, LLC $138 2015 Venture Capital / Growth Equity

India Value Fund V India Value Fund Advisors $700 2015 Buyout / Corporate Private Equity

IndusAge Technology Venture Fund I IndusAge Partners $24 2015 Venture Capital / Growth Equity

Kalaari Capital III Kalaari Capital $290 2015 Venture Capital / Growth Equity

Keihanna ATR fund Nippon Venture Capital $41 2015 Venture Capital / Growth Equity

Kotak/CPPIB Indian Distressed Debt - Separate Account Kotak Mahindra Group $525 2016 Mezzanine / Debt

Lakeshore Capital Fund I Lakeshore Capital Partners Company Limited $60 2015 Venture Capital / Growth Equity


2015-16 FINAL CLOSED ASIA-PACIFIC-FOCUSED PRIVATE EQUITY FUNDS (AS OF 13 JUNE 2016)

Fund Name Fund Manager Fund Size ($mn) Year Close Fund Strategy

LC Healthcare Fund I Legend Capital $250 2016 Venture Capital / Growth Equity

Lenovo Venture Fund II Lenovo Group $500 2016 Venture Capital / Growth Equity

Lightspeed India Partners I Lightspeed Venture Partners $135 2015 Venture Capital / Growth Equity

Lightstone Singapore Lightstone Ventures $50 2016 Venture Capital / Growth Equity

Lion-OCBC Capital Asia Fund IOverseas Chinese Banking Corporation (OCBC) Group

$406 2015 Mezzanine / Debt

LYFE Capital I RMB LYFE Capital $91 2015 Venture Capital / Growth Equity

LYFE Capital I USD LYFE Capital $210 2015 Venture Capital / Growth Equity

Matrix Partners China IV Matrix Partners $500 2016 Venture Capital / Growth Equity

Medical Research Commercialisation Fund 3 (MRCF 3) Brandon Capital Partners $153 2015 Venture Capital / Growth Equity

Mekong Enterprise Fund III Mekong Capital $112 2016 Venture Capital / Growth Equity

Michael and Susan Dell Foundation Education Fund Villgro $3 2015 Venture Capital / Growth Equity

Monk’s Hill Ventures Fund Monk's Hill Ventures $80 2016 Venture Capital / Growth Equity

Morningside China TMT Fund IV Morningside Ventures $660 2015 Venture Capital / Growth Equity

Navis Asia Fund VII Navis Capital Partners $1,500 2015 Buyout / Corporate Private Equity

NCB Kyushu Activation Fund Dogan Advisors $41 2015 Mezzanine / Debt

New York Balanced Pool Asia Investors II Asia Alternatives Management LLC $200 2015 Fund of Funds / Co-Investment

New York Co-Investment Pool Asia Investors II Asia Alternatives Management LLC $150 2015 Fund of Funds / Co-Investment

Nexus India Capital IV Nexus Venture Partners $450 2015 Venture Capital / Growth Equity

Nexus Top-up Opportunity Fund Nexus Venture Partners $130 2015 Venture Capital / Growth Equity

NICG Mezzanine Investment Business Limited Partnership I - Joint Venture

Nomura Holdings $378 2015 Mezzanine / Debt

Northstar Equity Partners IV Northstar Group $810 2015 Buyout / Corporate Private Equity

Pacific Equity Partners V Pacific Equity Partners $1,610 2015 Buyout / Corporate Private Equity

PAG Asia Capital II PAG $3,600 2015 Buyout / Corporate Private Equity

PAG Asia Special Situations Fund II PAG $1,400 2015 Mezzanine / Debt

Prime Venture Partners Prime Venture Partners $47 2015 Venture Capital / Growth Equity

Qiming Venture Partners III Annex Fund Qiming Venture Partners $75 2015 Venture Capital / Growth Equity

Qiming Venture Partners V Qiming Venture Partners $648 2016 Venture Capital / Growth Equity

Quadria Capital Fund Quadria Capital $304 2015 Venture Capital / Growth Equity

Religare Credit Opportunities Fund Religare Enterprises Limited $81 2015 Mezzanine / Debt

RRJ Capital III RRJ Capital $4,500 2015 Buyout / Corporate Private Equity

SAIF Partners India V SAIF Partners $350 2015 Venture Capital / Growth Equity

SBCVC Fund V Softbank China Venture Capital $458 2016 Venture Capital / Growth Equity

Sequoia Capital China Growth Fund III Sequoia Capital $625 2015 Venture Capital / Growth Equity

Sequoia Capital India IV Sequoia Capital $740 2015 Venture Capital / Growth Equity

Sequoia Capital India V Sequoia Capital $920 2016 Venture Capital / Growth Equity

Shanghai Founder KIP Partnership Korea Investment Partners $101 2015 Venture Capital / Growth Equity

Shoreline China Value III Shoreline Capital $500 2015 Mezzanine / Debt

Shoreline III Co-Investment Shoreline Capital $195 2015 Mezzanine / Debt

Shunwei China Internet Fund III Shunwei Capital Partners $1,000 2015 Venture Capital / Growth Equity

Shunwei RMB Fund Shunwei Capital Partners $164 2015 Venture Capital / Growth Equity

Skyland Ventures Fund II Skyland Ventures $10 2016 Venture Capital / Growth Equity

Source Code Fund II Source Code Capital $158 2015 Venture Capital / Growth Equity

SSG Secured Lending Opportunities I SSG Capital Management $325 2015 Mezzanine / Debt

Tank Stream Ventures fund Tank Stream Ventures $15 2015 Venture Capital / Growth Equity

Tasly Holding Healthcare Fund TaiKang Asset Management $819 2015 Buyout / Corporate Private Equity

Tianjin Xing Kuang Enterprise Management Consulting Partnership

Legend Capital $25 2015 Buyout / Corporate Private Equity

Topaz Private Debt I Topaz Capital $81 2016 Mezzanine / Debt

Trans-Continental Capital Partners I Trans-Continental Capital Advisors #N/A 2015 Venture Capital / Growth Equity

Trustbridge Partners V Trustbridge Partners $865 2015 Venture Capital / Growth Equity

Unicorn Partners Fund I Unicorn Capital Partners Limited $210 2016 Fund of Funds / Co-Investment

Unison Capital Partners IV Unison Capital $609 2015 Buyout / Corporate Private Equity

Unison Capital Private Equity Fund (Korea) Unison Capital $273 2015 Buyout / Corporate Private Equity

Unitus Seed Fund India Unitus Labs $6 2015 Venture Capital / Growth Equity

Venturra Capital Venture Fund Venturra Capital $150 2015 Venture Capital / Growth Equity

WuXi Healthcare Ventures II WuXi AppTec $290 2015 Venture Capital / Growth Equity

Wynsun Capital Technology Fund Wynsun Capital Management $21 2015 Venture Capital / Growth Equity


$65.0

$246.0

GLOBAL AND ASIA FUNDRAISING

DATA ROOM

ASIA FUNDRAISING BY COUNTRY ($BN)

DIFFERENCE BETWEEN TOTAL CAPITAL TARGETED AND RAISED BY ASIA-PACIFIC FUNDS

$600

$500

$400

$300

$200

$100

$0

$50

$45

$40

$35

$30

$25

$20

$15

$10

$5

$0

$8.0

$6.0

$4.0

$2.0

$0.0

$-2.0

$-4.0

$-6.0

$-8.0

$-10.0

2010

2010

n Asia-Pacific-focused

n Asia-Pacific-focused

n Others (include global/multi-regional funds)

n China n India n South Korea

$bn




$bn

$bn

2012

2012

2015

2015

2011

2011

2014

2014

2013

2013

2016 (as of

13 June)

2016 (as of

13 June)

$42.8 $40.2 $48.9$45.6$32.6 $8.1

$181.6

$2

0.6

$2

2.3

$5

.2

$1

0.6

$1

2

$5

.2

$4

5.1

$3

.8

$2

.5

$2

.2

$1

.5 $4

.6

$1

.4$4

5.1

$2

.8

$1

$1

.1

$0

.5 $3

.1

$0

.2$2

.4

$1

5.5

$1

4.3

$2

4.1

$3

3

$2

9.3

$1

.2

$1

2.9

$307.3

$428.3$387.6

$417.6

$202.0

2010

-$7.4-$8.3

-$1.0

-$2.7

$1.4

$6.0

$1.1

2012 2014 2015 2016 (as of

13 June)

2011 2013

FINANCE • LEGAL • COMPLIANCE • OPERATIONS • TAX

Essential intelligence.Anywhere.Anytime.

privatefundsmanagement.net PrivFundsMgmt

FINANCE • LEGAL • COMPLIANCE • OPERATIONS • TAX

Essential intelligence.Anywhere.Anytime.

privatefundsmanagement.net PrivFundsMgmt

AVAILABLE NOWOrder your copy of this essential title today:


[email protected]

www.privateequityinternational.com/pmf

PRIVATE MARKETFUNDRAISINGWorld-class fundraising techniques for private equity, debt, realestate and infrastructure funds

• Acquire insight into how LPs are viewing the fundraising environment and howthey are approaching portfolio construction

• Optimise your firm’s preparation with detailed timelines and plans

• Take full advantage of ‘non-marketing’ situations for marketing

• Familiarise yourself on how to work with placement agents for an optimalcampaign and with gatekeepers to get your foot in the door

• Nail that all important face-to-face presentation

…plus much more


Available as an eBook

13297 Private Market Fundraising Advert_Layout 1 11/10/2013 16:42 Page 1