| HKVCA Asia Private Equity Forum 2023 |
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The Asia Private Equity Forum (APEF) 2023, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA), was successfully held on January 13, 2023. The event was held in-person and during International Financial Week. The event attracted close to 700 delegates and featured more than 65 GPs, LPs, and other industry professionals as speakers and panelists.
Held at the Hong Kong Convention and Exhibition Centre, distinguished guests at this annual event included The Honorable Paul Mo-po Chan, GBM, GBS, MH, JP, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR); The Honorable Duncan Chiu, Legislative Council Member (Technology and Innovation sector) of the HKSAR; Jean Eric Salata, Head of BPEA EQT and Chairperson of EQT Asia; and K.Y. Tang, Founding Chairman & Managing Partner of Affinity Equity Partners.
Rebecca Xu, Chairwoman of the HKVCA, said: “We are very pleased to see many familiar faces again at our flagship forum as it finally returns as a physical event this year. The HKVCA is committed to providing an unmatched platform igniting insightful conversations and building meaningful relationships among decision makers, senior business executives, and industry talents. As Asia remains a bright spot despite global headwinds, we are confident that Hong Kong will continue to be a leading international finance center and a prime location for private equity and venture capital managers.”
At the forum, leading industry practitioners addressed key opportunities and challenges facing investors in China, India, Southeast Asia, and North Asia in the context of the broadening and deepening of Asian private markets, as well as timely topics such as crypto investing, private equity real estate, ESG and regulatory matters. |
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We are pleased to acknowledge the generosity and support to all our sponsors
and partners. |
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| Regulatory and Tax Updates |
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| #1 The HKVCA was invited to join the consultation on the Budget Speech for 2023. The meeting proved to be very productive with HKVCA Board Member Johnny Chan advocating on behalf of the private equity and venture capital industry before the FS and other related government officials. The Association also prepared a written submission (see link) addressing various tax and regulatory issues. |
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| #2 The HKVCA has continued working with the IRD on finalizing the DIPN for the concession tax rate for carried interest. The Association also submitted a letter outlining a number of recommendations it feels the government should implement, including an effective and simplistic carried interest incentive scheme to retain PE firms and related talent in Hong Kong. A copy of the letter can be found here. |
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Women’s Private Equity Summit APAC 2023
February, 22 - 24, 2023, Singapore |
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| New Publications |
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| 1. Annual Report 2021/2022 |
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| 2. Research Journal 9th Issue |
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| New Members |
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| Corporate Full Members |
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| AsiaPay Capital |
| As a capital supporting arm of a decades old regional digital payment service and technology provider, start ups can ride on AsiaPay's long-lasting position and its broad operation and network in Asia for faster innovative adoption in the ecosystem. Portfolio returns over the past three years is >10x while startups are able to sustain their business with pragmatic and solid business validation support via resources shared by AsiaPay. |
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| China International Capital Corporation Hong Kong Asset Management Limited |
| China International Capital Corporation Limited (CICC) is China’s first joint-venture investment bank and a pioneer in adopting best international practices in China. Since its inception in 1995, CICC's has been a full-service business that offers investment banking, equities, FICC, asset management, private equity and wealth management services. CICC Capital Management Co., Ltd. is the flagship platform of CICC for its global private equity businesses. The firm is committed to becoming a world leader in private equity management. Currently, it runs various categories of RMB private equity funds including real estate and infrastructure, fund of funds and USD private equity funds. |
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| Unicorn Capital Partners Limited |
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| Corporate Associate Members |
| Dentons Hong Kong LLP |
Dentons is the world’s largest law firm, connecting top-tier talent to the world’s challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries.
Dentons Hong Kong has an impressive track record of offering legal services to multinational conglomerates and local clients. We have assisted our clients in solving their business issues and handled various transactions across the Asia Pacific region. Our strength includes leading capital markets, banking and finance, investment funds, litigation and disputes regulation practice areas. Our Hong Kong team comprises experienced lawyers and leading professionals qualified in jurisdictions including Hong Kong, England and Wales, the United States, Singapore and Malaysia. |
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| ERM-Hong Kong Ltd |
At ERM, sustainability is our business.
As the largest global pure play sustainability consultancy, we partner with the world’s leading organizations, creating innovative solutions to sustainability challenges and unlocking commercial opportunities that meet the needs of today while preserving opportunity for future generations.
Our diverse team of world-class experts supports clients across the breadth of their organizations to operationalize sustainability, underpinned by our deep technical expertise in addressing their environmental, health, safety, risk and social issues. We call this capability our “boots to boardroom” approach for its comprehensive service model that allows ERM to develop strategic and technical solutions that advance objectives on the ground or at the executive level. |
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| Gerson Lehrman Group |
| Gerson Lehrman Group (GLG) is a financial and global information services company headquartered in New York City. We provide financial information and advise investors and consultants with business clients seeking expert advice. We have the world’s largest expert network, with over 1,000,000 freelance consultants. We work closely with PE funds and Family Offices. |
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| Industry News |
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| Happiness Capital is now a Certified B Corp |
| January 17, 2023 |
| (Staff Wrtiter) - We’re very excited to announce that Happiness Capital has become a B Corp Certified company after a 2-year process with the overall B Impact Score of 92.7! This huge milestone signifies our commitment to having good governance as well as creating environmental and social good for our community. It also symbolizes our dedication to transparency... |
| (link to the full article) |
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| Bain Capital completes significant equity investment in EcoCeres |
| January 12, 2023 |
| (Press Release) - Bain Capital Private Equity (“Bain Capital”), a leading global investor, announced that it has completed a significant equity investment in EcoCeres, Inc. (“EcoCeres” or the “Company”), an innovative biorefinery company with leading R&D capabilities. The transaction follows Series A investment in EcoCeres from Kerogen Capital in February 2022... |
| (link to the full article) |
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| Mindworks Capital leads Hong Kong-based Jumppoint's $6.5m funding |
| January 13, 2023 |
| (DealStreetAsia by Rachel Chitra) - Hong Kong-based logistics provider Jumppoint has secured $6.5 million in a Series A funding round led by MindWorks Capital, according to an announcement... |
| (link to the full article) |
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| TR Capital passes halfway mark towards $600m Fund V target |
| January 17, 2023 |
(PEI by Carmela Mendoza) - TR Capital has held a first close on its fifth secondaries vehicle, raising more
than two-thirds of its $600 million target... |
| (link to the full article) |
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| Hong Kong Luxury Watch Seller Raises $8 Million From Gobi Partners, Kuok Meng Xiong’s K3 Ventures |
| January 18, 2023 |
| (Forbes by Catherine Wang) - Wristcheck, a Hong Kong-based luxury watch consignment retailer, raised $8 million in a seed funding round led by Gobi Partners GBA, which oversees Alibaba’s Hong Kong Entrepreneurs Fund – one of the city’s largest startup funds – and the AEF Greater Bay Area fund... |
| (link to the full article) |
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| More news in Industry News |
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Contact us at +852-2167-7518 or hkvca@hkvca.com.hk
Visit us at www.hkvca.com.hk
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