APAC Private Equity

Overview

Our APAC Private Equity funds primarily pursue structured growth equity investments in control, joint control and minority ownership formats. We focus on investing in consumer-driven companies that give us exposure to increasing consumer spending and urbanization in our target markets. In particular, we focus on seven key consumer categories that we believe benefit disproportionately from higher disposable income levels.

In addition, in times of economic dislocation we seek to invest in deep value transactions. For deep value investments, we focus on dislocations and catalysts, often driven by macroeconomic,

sector, geography or owner-specific issues that can lead to high-quality assets becoming available for purchase or investment at deeply-discounted prices. While we also look for deep value opportunities in consumer-driven companies, our deep value approach can develop into asset-oriented opportunities.

The APAC Private Equity team has professionals located in offices in Singapore, Shanghai, and other strategic areas in the APAC region.

Targeted Investment Characteristics

  • Marketing Leadership: Focus on sector leaders with substantial market share and strong margins in one of our focus sectors, or a fast-growing company in the process of achieving sector leadership or creating a new market.
  • Sustainable Competitive Advantages: Advantages can include a strong brand, unique products, distinctive service or proprietary technology.
  • Fast Growth: Growth that is meaningfully above industry average growth.
  • Driven Management: Energetic, goal-oriented, diverse, accountable and adaptable.
  • ESG Focus: Seek companies that care about the environment and society and are a responsible steward of external capital.
Singapore skyline during the daytime

Portfolio of Investments

We seek investments in growth-oriented middle-market companies where we can help drive long-term growth in an effort to generate attractive risk-adjusted returns. We seek to invest in the most attractive relative value opportunities and build a diversified portfolio with uncorrelated risks. The table below lists some of our current and past platform investments.

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nkid-logo
Initial Investment
2018
Industry
Entertainment & Leisure
Headquarters Location
Ho Chi Minh City, Vietnam
Description
Integrated children's lifestyle platform

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ebeauty
Initial Investment
2019
Industry
Health, Beauty & Wellness
Headquarters Location
Hangzhou, China
Description
E-commerce solutions provider for beauty brands


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baozun
Initial Investment
2011
Industry
Consumer Enabling Services
Headquarters Location
Shanghai, China
Description
E-commerce solutions provider for international brands

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viva-generik
Initial Investment
2014
Industry
Health, Beauty & Wellness
Headquarters Location
Jakarta, Indonesia
Description
Pharmacy chain

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hotmaxx
Initial Investment
2021
Industry
FMCG & Food
Headquarters Location
Shanghai, China
Description
Extreme value retailer of everyday merchandise

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weimob
Initial Investment
2018
Industry
Consumer Enabling Services
Headquarters Location
Shanghai, China
Description
Provider of WeChat-based SaaS and marketing services

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six-senses
Initial Investment
2014
Industry
Travel & Tourism / Deep Value
Headquarters Location
Con Dao, Vietnam
Description
A luxury beach resort in Con Dao, Vietnam

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ngee-ann
Initial Investment
2004
Industry
Deep Value
Headquarters Location
Singapore
Description
A leading retail mall in Singapore

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hyatt-regency
Initial Investment
2022
Industry
Travel & Tourism / Deep Value
Headquarters Location
Da Nang, Vietnam
Description
A leading beach resort in Da Nang

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