Venture Capital Funds in Market

by Louise Maddy

  • 05 Sep 2011
  • PE

Preqin’s Funds in Market product lists 96 venture capital funds currently in market that include greater China as part of their geographic focus or that focus specifically on the region. Collectively, these funds are targeting USD 30 billion in capital commitments. 33% have already had at least one interim close, and aggregate commitments for these funds currently stands at just over USD 2.9 billion.

There are 53 growth funds targeting USD 20.5 billion in capital commitments.  Venture capital funds with no specific stage focus are targeting USD 6.3 billion in capital commitments for 30 vehicles. The largest growth fund currently in market is the Actis Emerging Markets 4 vehicle, being raised by Actis. The vehicle is seeking USD 3.5 billion and makes control and minority equity investments into companies in emerging markets including China. It also invests in a broad range of industries in India, South East Asia, Africa and Latin America.  Greater Pacific Capital II is a venture capital fund with no specific stage preference, with a target of USD 750 million. The fund invests in venture opportunities in China and India in a variety of industry sectors.

As of September, 40 Greater China-focused venture capital funds have reached final close in 2011 having raised an aggregate USD 15.8 billion. Of these the largest fund is the USD 2.46 billion Baring Asia Private Equity Fund V.  The fund, managed by Baring Private Equity Asia, targets growing mid-size companies in Asia in need of capital for expansion, recapitalisation or acquisitions. The fund looks at a range of sectors and is open to markets in Greater China, India, Japan, Singapore, South Korea and other South East Asian countries.

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