CVCA USD Funds Performance Benchmarking & LP/GP Seminar

中文

CVCA held Dollar Funds Performance Benchmark's Newest Trends & LP/GP Seminar on May 17 in Beijing. Thirty two professionals from LP/GP organizations such as China Re Asset, Fosun Group, Adams Street Partners, Qiming Venture, Hony Capital, Legend Capital and the Carlyle Group attended this seminar. The seminar received the substantial support from CVCA's committee Ernst & Young and its cooperate institution Cambridge Associates ( hereafter referred to as C|A ).

Yabin Wu, Chief Economist of CVCA, and Xiaohui Ye, Managing Partner of PE Counseling for Ernst& Yong GCR, delivered the opening speeches for the seminar. Christopher Hunter, Managing Director of C|A, then shared the newest research findings of Dollar Funds Performance Benchmark with attendees , and analyzed its latest characteristics and trends. Further, Zhu Ang, Managing Partner of financial transaction support for E&Y North China, Xiangming Fang, Managing Director of alternative investment business unit at China Re Asset, Shuxian Lee, Co-partner &CFO of Qiming Venture, and Lee Xiao, Investment Director of C|A, went deeply into the challenge and opportunity facing VC/PE benchmarks across China market from their perspectives.

Fund benchmark is an important indicator to measure VC/PE Industry Fund's performance, and is of vital significance to allocating alternative assets for LP, and weighing the standard of its own performance and also fundraising for GP.

Since the year of 2015, CVCA and C|A have launched a joint investigation for VC/PE funds performance across China and received support and assistance from some members. That was the first attempt for China PE industry to investigate, calculate and research across the overall industry in the field of funds performance. And that attempt aimed at providing accurate, reliable and quantified funds return benchmarks of domestic PE and VC for market participants, presenting the historical returns conditions of dollar VC/PE funds in China, and revealing the status quo of the development of the industry. In the present market environment which is short of unified and regulatory information revelation of domestic PE/VC funds, the research will benefit participants a lot to have a clear knowledge of USD private equity fund market in China concerning its earnings and trend, make the industry more transparent and achieve sound and sustainable development especially when agreed and standardized information is unavailable.