Private equity investors must rely on their best instincts and closely monitor recent legal developments if they want to make it through an icy economic season for the industry, writes Richard Li
“It’s November now. Limited partners of many private equity and venture capital funds are now conducting meetings. Some funds have invested in almost no projects this year, or only a small number of projects,” observes Michael Qi, a partner at Fangda Partners in Shanghai.
His words sound a warning of a harsh winter ahead for private equity and venture capital (PE/VC) funds. Pressure from limited partners (LPs) may make the cold even more bitter for general partners (GPs) of PE/VC funds.
The traditional exit channel of going public is less popular and more difficult, and fund managers are hesitant to take on many projects.
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