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Fundraising
Several prominent Asia-based firms lost their footing or fell out of the list altogether this year as PE’s distribution drought intensifies.
The largest private equity fund to ever close has shifted the face of the top 10 this year, while a host of newcomers have entered the ranking.
Firms may have to rethink their operating and accounting models if they want to embrace the potential of private wealth.
GPs are responding to a challenging market environment with ingenuity and innovation, say Deloitte’s Emma Cox and Bryant Huber.
PEI300's top-ranking GPs have been launching specialised products designed to attract private wealth capital.
The firm plans to launch its Core Private Equity product this year and will invest via secondaries, according to CIO and CEO Benoît Durteste.
The Mumbai-based manager, which closed a $700m continuation fund in April, will begin fundraising for its 10th flagship this year, PEI understands.
Newcomers are flocking to the market, drawn by a growing base of targets and the promise of increased fund sizes.
Asia Fund VIII, which closed below target, is TPG’s largest Asia-focused fund, according to the firm's latest earnings call.
Up to 80% of capital raised for the vehicle will target direct investments, with the remainder targeting primaries and secondaries investments, PEI understands.