As U.S. PE firms continue searching for value in an expensive environment, some investors have turned their sights to Asia. Bain Capital, for example, is raising up to $2.5 billion for its latest Asia-focused fund (details below). The majority of these transactions have been growth and expansion related, according to the PitchBook Platform, with growth deals accounting for nearly 32% of all Asia deals made by U.S. investors in 2014; thus far in 2015, 36% of deals have been growth oriented. Geographically, India has been the most attractive country by count, claiming 46% of U.S. PE deals last year. China comes in second but garnered just under 20% of transactions last year, compared to 24% in 2012.
Click to explore the data in the PitchBook Platform
Top U.S. PE investors in Asia since 2010 and their deal counts (incl. add-ons):