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Inspire Ventures

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ASEAN Venture Capital Blog Volume 3: Improving Enterprise Capital and Private Equity Scorecard for Southeast Asia August 14, 2014 The private equity and Southeast Asia Venture Capital are experiencing a rapid evolution and growth as 2014 provides attractive and markedly improved fundamentals for investors. The broader Asia Pacific area is the second most attractive area for private fund investment (F1). Element to that, Southeast Asia's attractiveness has been driven by (1) Regional heavyweights China and India experience decelerating increase and (2) China is fighting with decreased liquidity for its previously solid IPO marketplace resulting from the restrictions to its share class local currency marketplace 2013. Exemplifying this is the leading indicator of foreign direct capital flows. Total FDI in the combined markets of Singapore, Malaysia, Thailand, Indonesia and Philippines surpassed China for the second time (F2). Figure 1. Regional PE Attractiveness Figure 2. FDI: China vs ASEAN-5 Yield expectations are also elevated with Asia outpacing the developed markets by yield expectations -5 year horizon (F3).
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ASEAN Venture Capital Blog
Volume 3: Improving Enterprise Capital and Private Equity Scorecard for Southeast Asia
August 14, 2014
The private equity andSoutheast Asia Venture Capitalare experiencing a rapid evolution and growth as 2014 provides attractive and markedly improved fundamentals for investors.
The broader Asia Pacific area is the second most attractive area for private fund investment (F1). Element to that, Southeast Asia's attractiveness has been driven by (1) Regional heavyweights China and India experience decelerating increase and (2) China is fighting with decreased liquidity for its previously solid IPO marketplace resulting from the restrictions to its share class local currency marketplace 2013. Exemplifying this is the leading indicator of foreign direct capital flows. Total FDI in the combined markets of Singapore, Malaysia, Thailand, Indonesia and Philippines surpassed China for the second time (F2).
Figure 1. Regional PE Attractiveness Figure 2. FDI: China vs ASEAN-5 Yield expectations are also elevated with Asia outpacing the developed markets by yield expectations 5 year horizon (F3). The coincides distinctively with a rather substantial capital base of uninvested capital from institutional funds, allocated strategies that are corporate, and family offices (F4).
Figure 3. PE Earning expectations: Developed Inspire Ventures 2014
Figure 4. Unspent fund capital (Asian
PE funds) vs Emerging market
Inspire Ventures 2014
About Inspire Ventures
Inspire Ventures is a recently recognized US$25 million venture capital and private equity fund focused on the ASEAN area with a special emphasis on Malaysia, Thailand, Vietnam, Indonesia, and Myanmar. Ventures' teams in Bangkok and HCM City focus on chances beginning with Series A rounds and onward through late stage private equity rounds. Inspire invests in businesses that carry through business models that are proven with a strong emphasis on localization and management teams who are astute operators. Figures (F1) Private Equity Trend Report 2014. 2014. Price Waterhouse Coopers. http://www.pwc.lu/en/private-equity/docs/pwc-private-equity-trend-report-2014-an-industry-rediscovering-optimism.pdf (F2) Global Research estimates, CEIC. 2014. Bank of America Merrill Lynch. (F3) Emerging Markets Private Equity Survey 2013. 2013. EMPEA/Coller Capital. (F4) Asia-Pacific Private Equity Report. 2014. Bain. http://www.bain.com/publications/articles/asia-pacific-private-equity-report-2014.aspx (F5) 2001-2013 GDP Growth. 2014. Asia Matters for America. http://www.asiamattersforamerica.org/sites/default/files//field/image/ASEAN/NewASEAN Gr aphics/GDP%20growth.jpg References (1) Asia-Pacific Private Equity Report. 2014. Bain. http://www.bain.com/publications/articles/asia-pacific-private-equity-report-2014.aspx (2) Global Private Equity Report 2014. 2014. Bain. http://resultsbrief.bain.com/pdfs/Bain_and_Company_Global_Private_Equity_Report_2014.p df (3) Optimism High For Asia Pacific Private Equity Exits. 2013. Forbes. http://www.forbes.com/sites/mergermarket/2013/04/24/optimism-high-for-asia-pacific-private-equity-exits/(4) Asia-Pacific private equity outlook 2014. 2014. Ernst Young. http://www.ey.com/GL/en/Industries/Private-Equity/Asia-Pacific-private-equity-outlook-2014
(5) Preqin and SVCA Special Report: Singapore and ASEAN Private Equity. 2014. Preqin. https://www.preqin.com/docs/reports/Preqin_SVCA_Special_Report_Singapore_ASEAN_Priv ate_Equity_April_2014.pdf (6) Private Equity-Backed Exits in Q1 2013. 2013. Preqin. https://www.preqin.com/blog/101/6491/pe-exits-q1-2013 (7). Overview of GMS Stock Exchanges. 2014. http://www.set.or.th/en/gms_exchanges/overview.html
Inspire Ventures 2014
(8) Private equity market in Southeast Asia. NRI: Takeshi Shimamura. 2013. http://www.nri.com/~/media/PDF/global/opinion/lakyara/2013/lkr2013183.pdf
Inspire Ventures 2014