Squadron joins forces with FLAG
The future of independent Asian fund-of-funds has long been a matter for debate if only due to the resource pressures. Fundraising can be a protracted process, which means some people spend long periods on the road; stricter compliance requirements are making back-office functions more demanding; and the proliferation of industry participants in the past five years means that competition for mandates is fierce.
A degree of consolidation seems inevitable and last week there was a step in this direction as Squadron Capital joined forces with FLAG Capital of the US. Squadron currently has $1.5 billion under management;...
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