No one doubts that last year was an extremely tough one for Chinese private equity investors. And “Cautious” is the word that most investors mention when talking about their investment strategy for the Year of Pig. There are still many uncertainties ahead, they say.
The whole private equity market has embraced a “capital winter” as fundraising slows, both for startups and for funds. For the latter, only those with a proven track record are able to get enough money while the rest find it hard to attract limited partners.
Capital is concentrating on China's leading players. The number of PE and VC firms raising money declined...
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