Renminbi GPs wary of government guidance funds as LPs
Chinese government guidance funds represent a potentially rich source of capital for managers in the renminbi-denominated space, but some are reluctant to take it, the Hong Kong Venture Capital & Private Equity Association's (HKVCA) China forum heard.
Xiaohui Shi, a managing director at China Merchants Capital, said that GPs should think carefully about taking full quotas from certain municipalities or provinces, citing the possibility that guidance...
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