Q2 2022 hedge fund letters, conferences and more
According to S&P Global Market Intelligence, investments by U.S.-based private equity and venture capital firms in mainland China have declined this year amid concerns about the country’s macroeconomic picture.
S&P Global Market Intelligence data shows a downward trend in M&A and new funding rounds in mainland China involving U.S. private equity companies, with second-quarter deal values dropping 78.5% year over year. By comparison, private equity deals worldwide experienced a more modest decline of 29.4% year over year during the same period.
Other highlights from the analysis include:
- Through Aug. 9, transactions involving U.S. private equity and venture capital firms in mainland China recorded an aggregate deal valuation of $5.75 billion, compared to $33.64 billion for all of 2021.
- Despite ongoing regulatory scrutiny of technology deals by both the U.S. and China, the technology, media and telecommunications sector recorded the largest number of M&A and funding rounds with U.S. private equity involvement through Aug. 9 at 58 transactions, worth a total of around $2.78 billion.
- The biggest U.S. private equity-backed deal so far in 2022 is the $800.0 million series B investment round of JD Property, in which Warburg Pincus LLC participated.
