AVCJ Private Equity Forum 2025
Asia's premier private equity event for the last 38 years
Asia Series Sponsor
KPMG
https://home.kpmg/cn/enKPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have more than 219,000 people working in member firms around the world. KPMG’s Private Equity group in China provides end to end advisory and assurance services to private equity funds, venture capital funds, private credit funds, sovereign wealth and other direct investment managers. Moreover, to augment this, KPMG China and its member firms have established focused industry groups covering areas in which we have particular knowledge. Not exhaustive, but we have sector capabilities focused on Consumer Markets, Financial Services, Government, Healthcare, Industrials, Infrastructure, Logistics, Pharmaceuticals and TMT.
VC Summit Sponsors
Cooley
http://www.cooley.comCooley LLP is an international law firm representing clients in a wide range of industries. Cooley has more than 1,500 lawyers across 17 offices in Asia, Europe and the United States. The firm represents 6,000+ high-growth new economy companies, 500+ venture fund families and closes over 2,000 venture and growth investments per year.
In Asia, Cooley has offices in Beijing, Shanghai, Hong Kong and Singapore. Cooley is broadly recognized for its powerhouse technology, life sciences and venture capital practices. We represent some of Asia’s most innovative and dynamic companies and leading investors, advising on their financings, M&As and joint ventures, IPOs and other strategic transactions at all stages of their growth.
Our dedication to Asia's fund industry is unparalleled and unrivaled by any other law firm. Cooley has been advising on Asia-related matters over three decades, dating back to 1989, when the firm advised on the formation of the first institutional venture capital fund investing in China. Today, we are counsel to more than 500 private investment fund organizations worldwide, including more than 90 fund managers with their primary operations in China and other Asia countries and numerous other managers outside of the region making investments in portfolio companies in Asia. We form considerably more dollar-denominated Asia venture capital and growth equity funds in dollar terms than any other law firm worldwide. We have a team of more than 40 specialist fund formation lawyers and dozens of other practitioners dedicated to serving our clients headquartered and doing business in Asia. Multiple members of our team are Mandarin-speaking, Chinese native fund formation specialists who assist our China funds clients and their investors in both USD and RMB fund formation matters.
East Ventures
https://east.vcEast Ventures is a pioneering and leading sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from Seed to Growth stage investments, for over 300 tech companies across Southeast Asia.
As an early believer in the startup ecosystem in Indonesia and the most active investor in Southeast Asia, East Ventures is an early backer of prominent tech companies in the region, such as Tokopedia, Traveloka, Ruangguru, ShopBack, waresix, Xendit, IDN, Sociolla, Fore Coffee, Tech in Asia (acquired by SPH), Kudo (acquired by Grab), Loket (acquired by Gojek), and MokaPOS (acquired by Gojek).
East Ventures was named the most consistent top-performing VC fund globally by Preqin and the most active investor in SEA and Indonesia by various media. Moreover, East Ventures is Indonesia's first venture capital firm to sign the Principles of Responsible Investment (PRI), supported by the United Nations (UN). East Ventures is committed to achieving sustainable development and positively impacting society through its initiatives and ESG-embedded practices.
Globis Capital Partners
http://www.globiscapital.co.jp/enGlobis Capital Partners is one of Japan's leading independent venture capital firm that primarily invests in Japanese startups from early stage to pre-IPO stage. Globis has managed seven funds totaling over JPY 180 billion, including latest Globis VII (final closed in March 2023 at JPY 72.7billion). All closed funds were ranked in the top quartile in global VC benchmarks in their respective vintage years, and it has multiple unicorn and unicorn potential startups in its current portfolio. About 90% of LPs are institutional investors both from and outside of Japan.
Globis almost always leads rounds and provides hands-on management support to its portfolio companies through board participation by its capitalists as well as tactical support by its value-add team GCP X. In addition, in April 2023 Globis opened a new office in San Francisco to strengthen support for the global expansion of its portfolio companies.
With its unique combination of western style investment expertise obtained through a joint venture with Apax Partners and Japan-local business expertise through Globis Group, which runs No.1 MBA program in Japan, Globis continues to lead the VC market in Japan.
JVCA
https://jvca.jp/Since its launch in November 2002 with 70 members, the Japan Venture Capital Association (JVCA) has grown into the representative body of Japan’s venture‑capital community. Today the association unites almost 400 organizations — roughly 170 independent VCs, 130 corporate VCs, and a cohort of financial institutions, universities, and service partners — giving it extensive coverage of the country’s innovation‑finance market.
JVCA’s mandate is straightforward yet ambitious: accelerate the creation of globally competitive startups and invigorate Japan’s economy. The association conducts research, delivers training, and promotes industry standards that raise both the quality and public perception of venture‑capital activity. Acting as a practical bridge among government, academia, and the private sector, it offers policy recommendations, advocates regulatory improvement, and — through a joint research initiative with Preqin — produces and publishes a transparent venture‑capital performance benchmark that helps institutional investors evaluate opportunities in Japan.
As a convener, JVCA supports collaboration across the ecosystem. In October 2024 it hosted the Global Venture Capital Congress in Tokyo, welcoming delegates from more than thirty countries to discuss capital flows, geopolitical risk, and Asia‑Pacific growth themes. Six months later, its 2025 CVC Forum showcased pragmatic examples of open innovation, illustrating how Japanese corporations partner with startups to build new revenue engines. Regional revitalization roundtables unlock potential outside major metropolitan areas by connecting investors, local governments, and universities.
Looking ahead, JVCA aims to further expand the market value of Japan’s startup sector by 2027. Achieving this will require broadening the supply of risk capital, including venture debt and co‑investment vehicles, deepening M&A and secondary markets, strengthening talent pipelines, and embedding diversity‑driven innovation throughout the ecosystem. Backed by more than two decades of policy engagement, capacity building, and partnership, JVCA is well positioned to equip entrepreneurs with the networks, knowledge, and advocacy needed for successful domestic IPOs, sustainable global expansion, and ongoing international collaboration.
MSA Capital
https://www.msacap.comMSA Capital is a global private equity and venture capital firm founded in 2014 that focuses on early and growth stage investments. The firm manages over USD 2 billion and invests in highly innovative and disruptive companies in the biotech, core tech, and consumer sectors. Notable portfolio companies include Meituan, Boss Zhipin, NIO, BGI, Yidu Cloud, Cloudr, Pyrotech, Cider, and Sironax. MSA’s LP base composed of regional and global institutional investors, as well as leading entrepreneurs from China.
Nio Capital
http://www.niocapital.comEstablished in 2016, NIO Capital seeks to invest in the extensive opportunities created by innovative technologies and business models that are reshaping the mobility, energy, logistics and other adjacent industries in a transformative manner. The firm’s investment approach combines value investing with comprehensive industry resources, deep knowledge and hands-on portfolio management. NIO Capital has assembled an experienced and multi-disciplinary team with solid skillsets and blue-chip backgrounds hailing from top investment and professional services firms, internet giants and automotive companies. The firm is headquartered in Shanghai, China, with additional offices in Beijing.
“Eve ONE” is the flagship USD-denominated VC strategy vertical of NIO Capital. The inaugural fund in its series, Eve ONE Fund I, was established in 2018 with support from global blue-chip institutions, including sovereign wealth funds, global insurance companies, pension funds, fund-of-funds, corporates, and family offices. Fund I has demonstrated top-quartile performance with early investments into category leaders such as Momenta, Pony.ai, Innovusion, Inceptio, etc.
TH Capital
http://www.thcapital.com.cnTH Capital was founded in 2007 as part of Tsinghua University ecosystem in Beijing. Owned and managed by the founding partners, the company has become a leading GP in China, investing growth capital in China’s most innovative and advanced high-tech companies. To date, TH Capital has invested minority shares in over 100 rapidly growing and highly profitable hard-tech companies across China, financing their development in their home market and beyond.
Based on 15 years of track record as an investor in industrial high-tech, our investment focus and ability are aligned with China’s top-level development goals, concentrating on Advanced Manufacturing, Next-Generation Technologies, Decarbonization and Frontier Technologies.
Investors in TH Capital’s funds include leading private market asset managers and financial institutions from China and abroad. Our 50 investment and research professionals execute our investment model based on proprietary in-house top-down industry research and unique resources of the Tsinghua ecosystem. With China Roots and a global vision, we have built strong value-add capabilities in China and abroad, supporting portfolio companies from offices in Beijing, Shenzhen and Zurich. Understanding the regulatory impact and strategic direction of China, TH Capital has developed an investment model investing across China’s strategic high-tech industries and exits its investment through IPOs on the stock exchanges in China.
With AUM exceeding RMB 20bn across 5 funds raised, TH Capital is raising its first USD fund in 2023 to provide international investors with unique access to the biggest growth investment opportunities across China’s high-tech industries.
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