RMB funds: Beyond the hype
Last week AVCJ held its six-monthly media briefing at which we – joined by several industry participants – reviewed private equity activity in 2012 and offered views as to what 2013 might have in store. The data made for sober reading: Fundraising was down by more than one third year-on-year to $46.8 billion, the lowest level since 2009; investment was also at a three-year low, falling 19% to $57.2 billion.
China was the primary influence. The region's largest private equity market saw deal value drop by more than one quarter to $21.8 billion, largely driven by a continued decline in growth capital activity...
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