Jonathan Zhu Bain Capital Leads Private Equity Growth in China

Jonathan Zhu, a key figure in Bain Capital's China operations, has been instrumental in driving the firm's growth in the country.

Bain Capital's China presence was established in 2006.

Jonathan Zhu's leadership has played a significant role in expanding the firm's private equity business in China.

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Jonathan Zhu is the managing director of Bain Capital Asia, a position that gives him a unique perspective on the private equity landscape. He recently discussed the Skylark buyout, which was a secondary purchase from another PE firm.

Bain Capital Asia has been making strategic moves, including the acquisition of Skylark and MYOB, both of which were purchased from other private equity firms. This trend is not unique to Asia, as Zhu notes that it's also happening in the US and Europe.

Jonathan Zhu's insights on corporate governance in China and India are also noteworthy, as he highlights the importance of having the right framework in place to support business growth.

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Jonathan Zhu, managing director of Bain Capital Asia, is leading the firm's expansion in the region.

Bain recently bought Skylark and MYOB, both secondary purchases from other PE firms, which is part of a wider trend in the industry.

In the US and Europe, secondary purchases are becoming increasingly common, but Jonathan Zhu doesn't want to overplay this trend.

Access to leverage is crucial for Bain's buyouts, and Jonathan Zhu notes that this is a challenge in China and India, where corporate governance is still evolving.

The firm is preparing to launch its Asia II fund, which will likely involve more buyouts in the region.

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Bain Capital is expecting a recovery in China’s private equity market as early as this year.

The market will benefit from the nation's end of Covid Zero, recovery in consumer sentiment, and a rebound in Chinese stock markets, according to Jonathan Zhu, partner and co-head of Asia for Bain Capital Private Equity.

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Aggregate capital raised by Greater China-based PE and venture capital fund managers fell to US$36.8 billion last year, a significant drop from the average US$148.9 billion raised between 2019-2021.

Bain Capital counts about US$160 billion in assets under management in areas including private and public equity, fixed income, credit, venture capital, and real estate.

The nation's stocks have staged a "meaningful" recovery, with the benchmark CSI 300 Index rebounding by as much as 20 per cent from late October.

Greater China-focused PE assets under management reached US$539 billion as of June last year, according to Preqin.

Jonathan Zhu expects the market to recover to a lower level than what was seen before the downturn.

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Jonathan Zhu, a partner at Bain Capital, has received numerous accolades for his exceptional work in the private equity industry. He was a winner of the 2019 AVCJ Private Equity Award for Private Equity Fund Manager of the Year, a testament to his outstanding leadership and investment skills.

Bain Capital's Asia private equity business has been recognized for its impressive growth and performance, with Jonathan Zhu playing a key role in its success.

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