Axiom’s expectations for 2021
Category: Insights
Around China in 80 days (Quarantine Edition featuring Edmond and Boon Kiat)
Fun Fact: In the past 6 months alone, US$2 billion of funding went into companies in China’s fresh grocery retail sector.
China is now leading the world’s grocery retail sector with a projected market value of US$1.8 trillion by 2023. As consolidation among existing players continues, we are excited to see new models emerge, accompanied by more PE deal flow in this sector over the next few years.
PE Opportunities in the China Grocery Market Sector
Fun Fact: In the past 6 months alone, US$2 billion of funding went into companies in China’s fresh grocery retail sector.
China is now leading the world’s grocery retail sector with a projected market value of US$1.8 trillion by 2023. As consolidation among existing players continues, we are excited to see new models emerge, accompanied by more PE deal flow in this sector over the next few years.
Journey towards recovery
Covid-19 has become the new normal for economies globally, affecting the daily lives of billions of ordinary people and increasing pressure on governments to react swiftly and effectively to dampen the economic shock of the virus. With the partial reopening of most Asian economies, we believe the region is on the road to recovery from the initial economic shock of Covid-19.
WeWork: A Turning Point for Global Markets
2019 was a volatile year for the public markets, pulled down by the trade disputes between the US and China, and buoyed by a continued low to negative interest rate environment. WeWork’s failed attempt at an initial public offering (“IPO”) is one example of this.
STAR Market: China’s answer to liquidity and exits in Asia
Inability to exit investments remains a key concern that many investors face when contemplating investing in Asia. The STAR market provides a welcome alternative funding platform for Chinese start-ups amid the US-China trade war.
Axiom Asia’s 2019 Sustainability Report
As we look around at the adoption of ESG practices in Asia, we can see that Asia is still lagging behind that of Europe or the US. Discover how Axiom, as one of Asia’s largest and most experienced private equity fund managers, strives to create a positive and long-lasting impact on the communities we belong to with our investment management activities and business operations.
The State of ESG in Asia
60% of Asian PE funds do not require their portfolio companies to report on ESG issues or responsible investment. Axiom commits to adopting best practices for ESG from our LPs and peers and further commits to helping educate our GPs to do the same.
Feeding the dragon: Does China have an appetite for buyouts?
Private equity investors have historically favored growth-stage investments in China due to the scarcity of true buyout opportunities. Is there too much competition in the market for too few deals in the buyout space?
The case for Asian emerging markets
Back in May, Harvard economist Carmen Reinhart painted a gloomy picture for Emerging Markets (“EM”) following massive devaluations of the Argentine peso and Turkish lira. How worried should investors in Asia be amidst the Latin American sell-off?