PE adapts to China's new normal
China's economy grew at its slowest pace in 24 years in 2014 with GDP expanding by 7.3%. Most economists regard the current situation as a symptom of a “new normal” as China continues its transition from the world’s factory to the world’s most attractive nascent consumer market. Indeed, most PE industry professionals envisage no detrimental impact on their pace of investment.
Private equity in China certainly enjoyed a more bountiful 2014 than the economy as a whole. Assets under management blew past the $200 billion mark as Chinese GPs added another $25 billion of fresh capital....
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