The Evolution and Future of Private Equity in China

Sarah E. Alexander and Michael Casey

Chapter Chapter 17 in Private Equity in Emerging Markets, 2012, pp 183-196 from Palgrave Macmillan

Abstract: Abstract There may be no better symbol of the evolution of private equity (PE) in China than Chinese fund manager Hony Capital’s announcement in January 2012 that it successfully raised $4 billion in capital for two new funds: $2.4 billion for its fifth USD-denominated fund and RMB10 billion ($1.6 billion) for its second local currency (RMB) fund. Hony Capital illustrates the profound transformations that have taken place in China in the last decade, including the rise of professional domestic fund managers, the growth of RMB funds, and the development of China’s limited partner (LP) base.

Keywords: Venture Capital; Initial Public Offering; Private Equity; Fund Manager; Institutional Quality (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30943-3_17

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DOI: 10.1057/9781137309433_17

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