Private Equity Funds Slow Pace Amid Rising Uncertainties

Private equity funds dominated by foreign currencies slowed their fundraising in China amid growing uncertainties about the ability of Chinese companies to sell stock abroad ― the main exit channel for investors to harvest gains.

Twenty foreign currency-based private equity funds launched fundraising campaigns in the first quarter, 57.4% fewer than a year ago, according to research institution Zero2IPO. The amount of money raised declined 62.6% to 31.5 billion yuan ($4.9 billion), data from Zero2IPO showed.