LPs want stability plus innovation from Chinese GPs - AVCJ Forum
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
“It is hard to find any manager in China where, over more than two fund cycles, the key man team or strategy has remained the same,” Sally Shan, a managing director at HarbourVest Partners, told the...
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