Private Equity Fund Managers based in BRIC countries

by Anna Strumillo

  • 01 Dec 2010
  • PE

Preqin data shows that there are currently 286 private equity firms operating from BRIC countries. The latest data from the Fund Manager Profiles database shows that collectively, these firms have raised USD 60 billion in private equity capital over the last 10 years, and have over USD 30 billion in dry powder.

India is the most populated BRIC country in terms of number of fund managers, with 115 firms headquartered in the country. It is very closely followed by China, where 111 fund managers are based. Russia is home to 32 private equity firms while Brazil is home to 28.

In terms of funds raised over the last 10 years and dry powder available to fund managers, China ist the most prominent BRIC country. In the past decade over USD 29 billion has been raised by fund managers based in China and they still have an estimated USD 17 billion in uninvested capital. Indian private equity firms raised over USD 14 billion in the same time period and are sitting on an estimated USD 7.1 billion of dry powder.  Private equity firms headquartered in Brazil raised nearly USD 10 billion in the last 10 years and have an estimated USD 3.6 billion in available capital. Russian fund managers garnered USD 6.7 billion in capital commitments in the past decade and have USD 2.5 billion in available capital.

China-based Hony Capital is the most active fund manager based in BRIC region in terms of capital raised in the last 10 years, having raised nearly USD 4 billion in this period. Founded in 2003, Hony Capital is a China-focused middle-market private equity firm that primarily targets investments in construction materials, pharmaceuticals and healthcare, construction machinery and consumer and retails industries. Hony’s secondary industry focus is on media and entertainment, financial services, and energy and resources. The firm recently held a first close on RMB 7 billion for its second RMB-denominated fund, which has a hard-cap target of RMB 10 billion.

Preqin’s Fund Manager Profiles product is the most extensive, detailed source of information on private equity fund managers in the world. Preqin’s comprehensive product not only contains detailed profiles of over 5,300 private equity firms around the world, but also current and historic private equity dry powder levels across the globe by region and fund type.

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