Small institutions seen buying Asian PE FoFs
As the alternative fund-of-funds industry shrinks, Asian PE multi-managers should continue to see flows from small Western institutions. So says placement agent Monument Group, which is setting up a Japan office.
Asia-focused private equity fund-of-funds will in the near term remain the preferred route to gain PE exposure to the region, at least among smaller Western institutions, according to alternatives placement agent Monument Group.
“There’s been investment demand for funds of funds in Asia. That reflects interest by institutional investors in identifying smaller, high performing groups [of general partners],” says Robert Mast, managing director of the US firm.
He pointed to the lar…
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