The private equity industry in China continues on its remarkable trajectory: faster, bigger, stronger, richer. CFCâ€™s latest research report has just been published, titled â€œPrivate Equity in China 2011-2012: Positive Trends & Growing Challengesâ€. You can download a copy by clicking here.
The report looks at some of the larger forces shaping the industry, including the swift rise of Renminbi PE funds, the surging importance of M&A, and the emergence of a privileged group of PE firms with inordinate access to capital and IPO markets. The report includes some material already published here.
Itâ€™s the first English-language research report CFC has done in two years. For Chinese readers, some similar information has run in the two columns I write, for Chinaâ€™s leading business newspaper, the 21st Century Herald (click here â€œ21ä¸–çºªç»æµŽæŠ¥é“â€) as well as Forbes China (click hereâ€œç¦å¸ƒæ–¯ä¸æ–‡â€)Â
Despite all the success and the new money that is pouring in as a consequence, Chinese private equity retains its attractive fundamentals: great entrepreneurs, with large and well-established companies, short of expansion capital and a knowledgeable partner to help steer towards an IPO. Investing in Chinese private companies remains the best large-scale risk-adjusted investment opportunity in the world, bar none.