Asia Pacific fund terms to fore in tough times

The latest Asia Pacific Private Equity Fund Terms Survey from independent fund of funds group Squadron Capital highlights a few shortcomings in regional funds’ adherence to the Institutional Limited Partners Association (ILPA) principles, increasingly accepted as the global T&C industry standard. But it also identifies many areas where Asia Pacific funds match or even exceed lLPA guidelines, and other key areas where the principles themselves may fall short. And in today’s tough fundraising environment, which even in 2011 “has been severely affected across the region,” as John Fadely, Partner with Weil, Gotshal & Manges, affirms, even fashionable Asian vehicles need to look to the most attractive LP-friendly terms.