CITIC Capital begins to deploy $2.8b fund amid US-China trade war

Asia Fund VI exceeded its $7bn target and will focus on opportunities across technology, industrials, consumer, healthcare, business and financial services.

The US firm will invest in Japanese PE funds and direct co-investments.

BPEA IX will focus on control investments in leading companies across technology, healthcare, industrial technology, services, and technology services; several deals have already closed in Japan and South Korea.

Asia secondaries activity is increasing as a result of geopolitical uncertainties, a growing private equity market and rising awareness, Coller Capital’s Zhan Yang tells FA.

The US investment giant exceeded its $10bn target after an active 24 months of deals in the region, especially in India and Japan.

Coller Capital is a global secondaries firm with around $50bn in AUM and six Apac offices. EQT's CEO believes Coller's business can double in size in under four years; the PE giant is paying up to $3.7bn. In Japan, EQT has launched a bid for Mamezo.