Abstract
In the last decade, private equity and venture capital funds have shifted to the Asia-Pacific region. This article aims to contribute to the understanding of the trends in fundraising and capital allocation in the context of the US–China trade disputes and, therefore, to fill the gap in the literature on private equity and venture capital industry.
Keywords
Get full access to this article
View all access options for this article.
References
1.
Bader
J.
(2013 ). Obama and China’s rise . Washington, DC : The Brookings Institute Press .
2.Bain & Company . (2018 ). Asia-Pacific private equity report . Boston, MA : Bain & Company, Inc . Retrieved from https://www.bain.com/insights/asia-pacific-private-equity-report-2018/
3.Bain & Company . (2019 a). Global private equity report 2019 . Boston, MA : Bain & Company, Inc . Retrieved from https://www.bain.com//contentassets/1b80f49cb8c74594acefeaeb06b46501/bain_report_private_equity_report_2019.pdf
4.Bain & Company . (2019 b). Asia-Pacific private equity report 2019 . Boston, MA : Bain & Company, Inc .
5.Business Wire . (2018 ). KKR forms hospital management company Sino care group to provide quality health care services to patients in China: New platform makes first investment in HeTian Hospital Management Co . San Francisco, CA : Berkshire Hathaway . Retrieved from https://www.businesswire.com/news/home/20180925006279/en/KKR-Forms-Hospital-Management-Company-SinoCare-Group
6.
Chatterjee
S.
Zhu
J.
(2018 ). Blackstone raises $9.4 billion for Asia real estate, private equity funds . Reuters Business News . Toronto, ON : Thomson Reuters . Retrieved from https://www.reuters.com/article/us-blackstone-group-asia/blackstone-raises-9-4-billion-for-asia-real-estate-private-equity-funds-idUSKBN1J905D
7.
Cheung-Miaw
C.
Elbaum
M.
(2019 ). Climate change. War. Poverty. How the U.S.–China relationship will shape humanity’s path. A call for diplomacy and de-escalation, not economic and military confrontation . In These Times . Chicago, IL . Retrieved from http://inthesetimes.com/article/21799/china-united-states-trump-war-poverty-imperialism-climate-change-diplomacy?link_id=4&can_id=539a2bef38925eb235cd1d17bd1512ab&source=email-the-case-for-opening-our-borders-inside-the-dsas-big-decision-to-endorse-bernie-sanders&email_referrer=email_516487&email_subject=the-case-for-opening-our-borders-inside-the-dsas-big-decision-to-endorse-bernie-sanders
8.China Money Network . (2019 ). Tag: KKR . Hong Kong . Retrieved from https://www.chinamoneynetwork.com/tag/kkr
9.
Cox
J.
(2018 ). Private equity giant KKR outsized returns in China off trade war . CNBC Economy . Englewood Cliffs, NJ : CNBC . Retrieved from https://www.cnbc.com/2018/08/09/private-equity-giant-kkr-outsized-returns-in-china-off-trade-war.html
10.
Dollar
D.
(2019 ). Order from chaos where progress with China is most likely—and where it isn’t . Washington, DC : The Brookings Institute Press . Retrieved from https://www.brookings.edu/blog/order-from-chaos/2019/03/18/where-progress-with-china-is-most-likely-and-where-it-isnt/
11.
Gros
D.
(2019 ). This is not a trade war; it is a struggle for technological and geo-strategic dominance . CESifo Forum: The US China Trade , 20 (1 ), 21 –26 .
12.
Hobsbawm
E.
(2007 ). Globalisation, democracy and terrorism . London, UK : Abacus .
13.
Li
C.
(2017 ). The power of ideas: The rising influence of thinkers and think tanks in China . Singapore : World Scientific Publishing .
14.
Li
C.
(2018 ). The U.S.–China relationship: Trading blows . Washington, DC : The Brookings Institute Press . Retrieved from https://www.brookings.edu/on-the-record/the-u-s-china-relationship-trading-blows/
15.
Madi
M. A.
(2019 ). Private equity globalisation: Ethical business challenges . New York, NY : Nova Publishers .
16.
Mcvey
H. H.
(2018 ). China: A visit to the epicenter: KKR global perspectives . New York, NY : KKR . Retrieved from https://www.kkr.com/global-perspectives/publications/china-a-visit-to-the-epicenter#
17.
Mildner
S.-A.
Schmucker
C.
(2019 ). The battle of the giants: US trade policy vis-à-vis China . CESifo Forum: The US China Trade War , 20 (1 ), 3 –10 .
18.Office of the United States Trade Representative . (2019 ). Trade policy agenda and 2018 annual report of the President of the United States on the trade agreements program 2019 . Washington, DC : Executive Officer of the President of the United States . Retrieved from https://ustr.gov/sites/default/files/2019_Trade_Policy_Agenda_and_2018_Annual_Report.pdf
19.Preqin . (2017 a). Global private equity & venture capital report . London, UK : Preqin .
20.Preqin . (2017 b). Alternative assets performance monitor . London, UK : Preqin .
21.Preqin . (2018 ). Global private equity & venture capital report . London, UK : Preqin .
22.
Rosemberg
E.
(2019 ). The 8 best private equity firms of 2019 . New York, NY : The Balance . Retrieved from https://www.thebalance.com/best-private-equity-firms-4583955
23.The Carlyle Group . (2019 ). Portfolio of investments . Research Database . Retrieved from https://www.carlyle.com/our-business/portfolio-investments?search=&alphabet=All&location=1661&industry=All&status=111&fund_type=54
24.
Varoufakis
Y.
(2013 ). The global Minotaur: America, Europe and the future of the global economy . New York, NY : Zed Books .
25.
Wong
D.
Koty
A. C.
(2019 ). The US–China trade war: A timeline. China Briefing . Hong Kong : Dezan Shira & Associates . Retrieved from https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline/
26.
Wright
M.
Chew
E.
(2018 ). KKR’s Kravis sees Southeast Asia winners in US–China trade war . Bloomberg News . US : Bloomberg . Retrieved from https://www.bloomberg.com/news/articles/2018-10-02/kkr-s-kravis-sees-southeast-asia-winners-in-u-s-china-trade-war
27.
Yamashita
A.
(2019 ). Asia tech start-ups on KKR’s radar, says co-founder Henry Kravis . Nikkei Asian Review . Tokyo, Japan : Nikkei Inc . Retrieved from https://asia.nikkei.com/Editor-s-Picks/Interview/Asia-tech-startups-on-KKR-s-radar-says-co-founder-Henry-Kravis