Infrastructure PE in HK/China
I’m an ABC work in an infra PE shop at the moment with no offices in Asia. Currently improving my mandarin and was hoping to make the move to HK / China (understand the former is more likely of the 2).
Is anyone familiar with the infra funds scene in these regions? Or is most the activity government funded and owned? Also in terms of language requirements are they ok with decent mandarin Or are they only after native Chinese?
Based on the most helpful WSO content, the private equity scene in Asia, particularly in Hong Kong and China, can be quite dynamic. While the context provided doesn't specifically address infrastructure private equity, here are some insights that might be relevant to your query:
Language Requirements: Proficiency in Mandarin is often a significant advantage in the region, especially for roles that require interaction with local businesses or government entities. While native fluency is highly valued, firms may be open to candidates with a strong command of the language. Your efforts to improve your Mandarin could be seen as a commitment to integrating into the local market, which can be a plus.
Government Involvement: In China, there is substantial government involvement in infrastructure, with state-owned enterprises playing a major role. However, there is also room for private investment, and foreign financial institutions have been granted the green light to establish majority-owned arms in the onshore market, which could indicate opportunities for private equity investment in infrastructure.
Private Equity Scene: The private equity landscape in Asia is diverse, with a mix of local and international players. Some large global private equity firms, such as KKR and TPG, have a presence in the region and are involved in various types of deals, including growth and venture capital-style deals. While these insights are not specific to infrastructure, they suggest that there is a PE presence that could extend to infrastructure investments.
Market Dynamics: Hong Kong is known for its equities L/S dominating market, but with the growth of wealth among Chinese entrepreneurs and the expansion of wealth management services, there could be increased opportunities for private equity, including infrastructure-focused investments.
Given your background and interest in infrastructure PE, it would be beneficial to network with professionals in the region and keep an eye on the evolving market dynamics, especially as China continues to open up to foreign investment. Your current experience in an infra PE shop, coupled with your improving Mandarin skills, could position you well for a transition to the Hong Kong/China market.
Sources: PE Scene in Asia, The sky over Shanghai is yellow. Observations about the Chinese Equity Crisis, Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong, Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong, How do distressed funds operate in Asia?
Surprisingly insightful response by bot , but keen to hear responses from actual people
Nemo deleniti non amet alias optio exercitationem tempora ut. Eaque vel asperiores quis esse quibusdam tempore.
Aut impedit voluptatem doloribus ut quis error id. Perferendis itaque soluta id magnam exercitationem mollitia consequatur doloribus. Neque sit quasi praesentium fuga.
Veniam odio qui aperiam repudiandae ipsam voluptates ut suscipit. Id assumenda eligendi dolor illum alias atque numquam doloremque. Nisi exercitationem rerum corporis ut. Et id doloribus accusamus. Autem consequuntur et rem atque enim sint non. Blanditiis eum optio ut laboriosam. Quo dolor sit eos harum rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...