Buyout Billionaire Sees Rising China Risk, Sanctions Over Taiwan
- Partners Group co-founder says ‘question of when’ China moves
- Wietlisbach forecasts better year for private equity in 2024
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The billionaire co-founder of Swiss private equity giant Partners Group Holding AG said the firm has grown more cautious on China, warning that conflict might ultimately break out over Taiwan.
“We are more careful,” said Urs Wietlisbach, whose $142 billion firm hasn’t done a transaction in the country in about two years. “A Chinese deal today just needs to bring a much higher expected return because you take much more risk.”