More consolidation tipped for funds of PE funds

More industry consolidation and separately managed client accounts will be a growing trend in Asia’s maturing fund of private equity fund sector, argues industry veteran David Pierce. This is part of a post-crisis industry movement resulting from a change in investor trends and is a sign of a maturing sector, says Pierce, an executive director for the Hong Kong Venture Capital and Private Equity Association. Funds of PE funds are increasingly expected by investors to be able to …