China Private Equity Slump Tests Mogul’s Fundraising Mettle
Fang Fenglei is returning cash to investors as son-in-law steps up at Hopu
Fang Fenglei, founder and chairman of Hopu Investment Management Co.
Photographer: Ore Huiying/BloombergWelcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we explore the fund gating surge that has rocked Canada’s real estate investors, the seasonal softening in the financial sector labor market and one supervisor’s proposals to tackle the worrying ties between banks and private lenders. But first we look at the fundraising efforts of one Asian private equity shop preparing to end a multiyear deals hiatus.
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