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Asia set to eclipse US as world’s venture capital powerhouse

Source | asia.nikkei.com | DYLAN LOH

SINGAPORE — Asia could overtake North America as the global center for venture capital funding as early as next year, according to a study backed by a unit of Singapore state investment company Temasek.

Asia-focused venture capital funds had $323 billion worth of assets under management at the end of last year, the report found, fast closing the gap with venture capital funds centered on North America, which had $397 billion worth of assets under management.

The $74 billion gap between the two regions stands in stark contrast to five years ago, when North America-focused funds led Asia-centered funds by $169 billion, said the study by Temasek subsidiary Vertex Venture Holdings and U.S.-based alternative assets information service Preqin.

“If we project those growth rates forward, it looks as though Asia-focused funds would hold more assets then North America-focused funds by the end of 2020,” Ee Fai Kam, head of Asia operations at Preqin, told the Nikkei Asian Review.

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