China is expected to see raft of PE funds

08/21/2013 | AsianInvestor.net

A number of large renminbi-denominated private-equity funds of funds are expected in China after the closure of Guochuang Kaiyuan Fund of Funds in February at US$2.45 billion made it the largest of its kind to close globally in the first half. One factor contributing to growth is the new permission that insurance companies have to invest as much as 10% of their assets under management in PE funds.

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