Asia’s PE Market Has a Lot of Room to Grow, Says Bain Capital’s Zhu

Bain Capital has been active in Asia since 2006, viewing it as a promising market despite its smaller private equity sector compared to the US and Europe. They have deployed capital across key markets like Japan, China, and India, and plan to expand into Southeast Asia. Their investment focus spans five industry verticals: consumer retail, healthcare, industrials, TMT, and financial services. While some investors move earlier in the tech sector to secure better valuations, Bain Capital prefers investing in businesses with established track records and growth potential.

When did Bain Capital start its operations in Asia?

• 2000

• 2006

• 2010

• 2015

Which regions are Bain Capital's primary focus for deploying their fourth fund?

• Middle East and North Africa

• Asia Pacific, including Japan, China, and India

• South America and Africa

• North America and Europe

What are the five industry verticals Bain Capital focuses on in Asia?

• Education, tourism, hospitality, logistics, manufacturing

• Automotive, aerospace, defense, textiles, chemicals

• Agriculture, mining, real estate, energy, transportation

• Consumer retail, healthcare, industrials, TMT, financial and business services

What trend is observed in the private equity industry regarding tech startups?

• Moving earlier into the lifecycle to secure better valuations

• Focusing on established companies only

• Investing later in the lifecycle

• Avoiding tech startups altogether

What is Bain Capital's approach to investing in businesses?

• Focusing on businesses with an established track record

• Avoiding businesses with growth opportunities

• Investing in early-stage startups

• Only investing in tech unicorns