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Strategy

Bravia PAL Fund I L.P.

Transportation and Logistics Sector Focus in Asia Pacific

Bravia will target equity investments in transportation and logistics related assets critical to supply chain networks located in Asia Pacific, with an emphasis on China, India, Indonesia, Vietnam, Singapore and Thailand.

Bravia will focus on high growth sectors including consumer/retail, technology-driven distribution networks, and automotive supply chains.

The average investment size is expected to be US$35 million to US$50 million and will target well-managed companies in the range of US$50 million to US$200 million asset value.

Investments usually consist of control positions or strategic minority positions in companies with the potential to become regional market leaders.

Target assets may include container depots, warehousing, trucking and other transportation, tech and consumer related distribution, resource supply chains, freight terminals, cold storage and transportation, contract logistics and distribution business, and the financing of logistics related assets.

Market Opportunity

Transportation and logistics in Asia is growing due to underinvestment in the past on infrastructure, growing intra-regional trade growth, and rise in middle class and consumer spending.

Infrastructure spending is predicted to total more than $1 trillion per year through to 2025.

Experts predict that the logistics market in Asia will grow by up to 50% in the five year period ending 2019. It is considered the fastest growing region worldwide.

Existing logistics companies in the region are often mid-sized companies that lack scale or global relationships that can add considerable value.

While there is significant interest in logistics investments, there are few specialists focused on Asia.

ESG

Bravia is committed to integrating Environmental, Social, and Governance (ESG) criteria in its investments.

Environmental criteria look at how a company performs as a steward of the natural environment. Social criteria examine how a company manages relationships with its employees, suppliers, customers and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits and internal controls, and shareholder rights.

Bravia commits to consider material ESG issues in the course of its due diligence and the monitoring of its portfolio investments encouraging its companies to adopt sensible ESG practices in areas with most impact.

Bravia endorses the ESG goals espoused in Guidelines for Responsible Investing put forward by the American Investment Council (http://www.investmentcouncil.org/private-equity-at work/education/guidelines-for-responsible-investing/)