Private Equity in Asia An Evaluation

Asian venture capital, launched with so much fanfare in the 1990s, has profoundly lost its way: billions of dollars has been lost in a range of schemes, many supported by governments. A huge number of would-be entrepreneurs have been encouraged to apply for funds, new institutions have been created, and serious attention has been given to the Asian market by US and European funds - and yet the number of successful VC firms remains low and MBOs virtually non-existent (except in Japan). Private equity was a transplant into Asia: but has the transplant taken and what is the prognosis for the patient? This revealing book is a comprehensive review of the motivation behind, the course of, and the successes and failures of private equity/venture capital in Asia. It evaluates investments by country and by sector, examining the firms, the investments they have made, how they have performed, how they are viewed by government, what regulation is like, and what the sector has contributed to the regional economy. A comparison with the USA and Europe as well as other developing economies puts Asian venture capital into a global perspective. The first to give a comprehensive overview of private equity in the region, Julian Roche's book takes an evaluative approach to the sector's successes and failures, and as such makes for a valuable resource for postgraduates and professionals in the areas of Asian business, venture capital, and international business.Roche, Julian is the author of 'Private Equity in Asia An Evaluation', published 2007 under ISBN 9780415362375 and ISBN 0415362377.