Dark ages or renaissance for China PE?
The mainland’s stalled IPO market has closed off a vital exit route for PE investors, but it may spur a reshaping of the industry and more complex deals, say industry executives.
China’s private equity market is either going through the dark ages or a renaissance, depending on whom you ask, with advocates for both sides represented at the HKVCA China Private Equity Summit this week in Hong Kong.
The deceleration of China’s economic growth and bottleneck in IPOs for mainland companies has had a knock-on effect on PE deal flow and exits, says Alvin Li, head of direct investment at CCB International Asset Management.
As more than 95% of PE exits in China ar…
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