Comments (6)

 
Apr 24, 2010 - 9:46pm

Check out this week's Fortune... their is a Q&A with Carlyle's CEO.

He says that most of the people working for Carlyle in China are Chinese nationals taught in American schools.

looking for that pick-me-up to power through an all-nighter?
 
Apr 24, 2010 - 9:54pm

PE in China is a whole different ballgame.

PE funds in China are run by and full of people with VERY high level connections (i.e. family) in the CCP (government). In order to get business done in China, you first and foremost need to know the right people.

 
Apr 25, 2010 - 12:05am

PE is essentially non existent in China, or Asia for that fact. It's just that the market is not as developed as the United States'. Some big funds ventured in Japan, and got torched and are now pulling out.

I would say Asia is really still at the "primitive" stages of ECM and DCM right now. Even M&A activity is low. Banks in HK focus of IPOs, and well, China and HK made up 45% of the world's IPO last year, with around $50.4 billion worth of IPOs, while the US only had 54 IPOs and worth only $24 billion.

http://blogs.wsj.com/deals/2010/01/07/china-took-the-2009-ipo-crown/tab…

 
Apr 25, 2010 - 8:07am

These boys are right; China is basically off limits if you don't speak the language and don't have connections. That said, if you get your foot in the door somehow, your gauranteed big money going forward.

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