The rollercoaster that is Asia: a closer look at year-to-date 2014 and the past 12 months in the Asia Pacific funds market
It seems the most fitting description of the Asia Pacific funds market in 2014 is: “Life is a rollercoaster. You can either scream every time you hit a bump, or you can throw your hands up in the air and enjoy it.”
The Asia Pacific funds market has definitely had its ups and downs this year. Looking back at year-end 2013, fundraising activity focused on the Asia Pacific region was 23.1 percent, with total capital raised at $10.5 billion. That was a large improvement, as the year started with only $775 million raised during the first quarter, and it only continued to grow from there.
This year, the numbers have been a bit up and down.
During the first quarter of 2014, activity focused on the Asia Pacific region was just 1.34 percent of total fundraising. Only three funds targeting Asia Pacific closed during the first quarter, the largest being The Townsend Group’s Townsend Real Estate Alpha Fund I, a closed-end opportunistic fund that ra