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Lam Ching Johnny2008060135. Private Equity. Outline. What is Private Equity? - stages of investment - types of equity transaction - investment process Private Equity in Asia - China - Hong Kong The Blackstone Group L.P. What is Private Equity?. Long term equity funding
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Lam Ching Johnny2008060135 Private Equity
Outline • What is Private Equity? - stages of investment - types of equity transaction - investment process • Private Equity in Asia - China - Hong Kong • The Blackstone Group L.P.
What is Private Equity? • Long term equity funding • Young and fast growing companies • Enhances liquidity • No burden of collateral • High risk
Investment process • Initial Evaluation and Negotiation • Due Diligence • Final Negotiation and Completion • Monitoring • Exit
Private Equity in Asia • two main markets – China and India • changing economic structure • industry deregulation • high demand for funds
Private Equity in China • poorly developed, mainly foreign private equity companies • excessive regulation • poor enforcement of Intellectual Property Rights • social issues
Private Equity in Hong Kong • gateway to China • benefit from deregulation in China • excellent infrastructure and skilled finance manpower
The Blackstone Group L.P. • NYSE:BX • 1985, financial advisory company • June 27, 2007 completed IPO (totaling $4.13 billion)
The Blackstone Group L.P.- latest focus • Cleantech • Infrastructure • Zhonghua Development Fund