PE Returns From China Investments Plummet, Report Says
By Jake Simpson
Law360, New York (July 11, 2013, 6:07 PM EDT) -- Profits from private equity deals in China have fallen sharply over the last six years because of a dormant market for initial public offerings, industry analyst Asia Private Equity Review said in a report Thursday, the latest PE industry consultant to highlight the sluggish PE market in Asia.
APER said that profits as measured by internal rate of return fell from 38.2 percent in 2005 to just 4.2 percent in 2010, the last period for region-wide return numbers.
The report said that investors have poured roughly...