Jean Eric Salata of Baring Private Equity
Founding Partner and CEO of Baring Private Equity Asia Jean Eric Salata says that the RMB fund market in China is “new, it’s nascent, it’s not proven and we haven’t even seen it yet” - but also that its emergence in China is “natural.” And while foreign LPs seem anxious about competing with these local funds, the market’s tiered structure has delayed this, at least for the time being.
Speaking to AVCJ, Salata says that official encouragement has helped China's private equity industry grow, but that there is much work to be done by GPs, LPs and the Chinese government itself in breaking...
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