VIDEO: Shearman & Sterling's Lorna Chen
Chinese GPs that made their names with renminbi-denominated funds and then sought to launch US dollar vehicles are finding it harder than they expected to win over international LPs, according to Lorna Chen, a partner with law firm Shearman & Sterling
"LPs in the international market don't necessarily understand their business model and are willing to commit," Chen said. "I have seen very few RMB fund managers going to the US dollar market and successfully...
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