LPs call for discipline on valuations, exits from China GPs - AVCJ Forum
Some LPs have increased their return expectations for Chinese private equity, and they are calling on local managers to be more disciplined on entry valuations and more tenacious on exits in the hope that these higher thresholds can be met.
“We are seeking higher returns from China because of the higher risk premium,” Doris Guo, a partner at fund-of-funds Adams Street Partners, told the AVCJ Private Equity & Venture Forum China 2023....
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