Asian PE fundraising slips in 3Q as RMB vehicles struggle
Asian private equity fundraising reached $10.8 billion in the third quarter of 2012, continuing a downward trend that stretches back 12 months, according to provisional data from AVCJ Research. Renminbi-denominated fundraising experienced the most acute decline, falling to $1.5 billion from $6.4 billion the previous quarter.
More capital entered China-focused US dollar funds that their renminbi counterparts, reversing a trend that had been gathering pace over the last two years. US dollar vehicles attracted $1.8 billion in...
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