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Most sought-after Asian funds of Q2 2014

CHD China Fund, Pacific Equity Partners and CVC Asia top Setter Capital’s list of the most in-demand Asia-Pacific funds in the secondaries market.

CHD China Fund, Pacific Equity Partners and CVC Asia has topped the list of the 25 most sought-after Asia-Pacific funds on the secondaries market, according to second quarter 2014 rankings released by Setter Capital.

As in the first quarter of 2014, the three funds were given an ‘excellent’ liquidity rating by Setter and had more than 40 investors interested in buying positions.

There were 15 funds rated ‘very good’ and each fund has 20 or more interested buyers on the secondaries market. They are listed in order of their popularity on SecondaryLink, Setter’s online platform for market participants to track funds and share due diligence.

The ‘very good’ Asian funds are:

• Bain Capital Asia
• Carlyle Asia Partners
• Affinity Equity Partners (Asia)
• Carlyle Asia Growth Partners
• KKR Asia
• TPG Asia
• New Horizon Fund
• Baring Asia
• Archer Capital
• Hony Capital
• Capital Today China
• Ironbridge
• Orchid Asia
• CHAMP Private Equity
• CITIC Private Equity Funds

Setter also recognised an additional seven firms as ‘good’, including MBK Partners and Carlyle Japan Partners, which were both given the same rating in Q1. The full list can be found here.

Setter’s liquidity rating is based on the number and strength of prime buyers for a secondary fund. Both the rating and the number of prime buyers are determined by Setter itself and rely in part on the firm’s subjective assessments of the seriousness, capacity and number of interested buyers for a fund, and the ease of transfer.