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Private Equity Fund Managers based in the BRIC Region

by Cindy Smith

  • 01 Dec 2011
  • PE

Preqin’s extensive research shows that there are currently 358 private equity firms operating within the BRIC region. The latest data from the Fund Manager Profiles database shows that collectively these firms have raised over USD 101 billion in capital commitments over the last 10 years and have over USD 53 billion available in dry powder.

Of these 358 firms, 161 are based in China and 115 in India, collectively accounting for 77% of all BRIC private equity firms. The top five fund managers located within the region, in order of total capital raised over the last 10 years, are CDH China Management Company, Hony Capital, Gávea Investimentos, SAIF Partners and IDG Capital Partners.

CDH China Management Company is an alternative assets fund manager operating within Asia. The firm is industry agnostic but specialises in growth, buyout and venture capital investments with a specific investment interest in China-based companies. CDH China Management Company has raised USD 4.7 billion over the past decade and currently has an estimated USD 1.5 billion available in dry powder.  The last fund raised by CDH China Management Company is the CDH China Fund IV, which concentrates on growth and buyout transactions within China. The fund held its final close on USD 1.45 billion in April 2010 and has recently begun investing from the fund.

Hony Capital is a China-based private equity firm with offices in Beijing, Hong Kong and Shanghai. Founded in 2003, the firm concentrates on buyout and growth-stage investment within the Greater China market. Hony Capital has raised over USD 4.4 billion over the past 10 years and currently has an estimated USD 2.5 billion available in dry powder. The firm are currently raising their Hony Capital Fund V, a buyout fund investing across North America, Europe and Greater China. The fund launched in August this year and is currently targeting USD 2.6 billion in aggregate capital.

Gávea Investimentos is a Brazil-based asset management firm focusing solely on investment within Brazil. Founded in 2003, the firm invests in a diverse range of industries providing growth-stage financing to Brazil-based firms. Gávea Investimentos has raised USD 4.1 billion in aggregate capital over the last decade and currently has USD 1.5 billion in dry powder.  

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