Private equity and Asia’s new rich
On two occasions last week, fund managers told me they were looking to attract capital, but not from the standard institutional LP. Is this a coincidence or the start of a new trend? It’s not yet clear. But one contributing factor of which we can be certain is the growing interest in private equity among high net worth individuals in Asia.
Pension funds and endowments from the US and Europe remain the key players and their role is so significant it will take years for the balance to change, despite the recent arrival of ambiitous sovereign...
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