Inflow from wealthy seen as hurting China private equity funds

Growing investment into China’s fledgling private equity market by short-term-orientated high-net-worth individuals is at risk of damaging the segment even before it gets off the ground, warn industry figures. By the end of last month there were 2,591 high-net-worth limited partners (LPs) in China, representing 47.1% of the total number of LPs in the country, according to Zero2IPO, a private equity research firm based in Beijing. This figure has grown from 1,866 high-net-worth L…