Post-crisis investor trends will lead to further consolidation among funds of private equity funds and more negotiation around fees, says industry veteran David Pierce.
Following the US firm’s acquisition of Squadron Capital, Flag will incorporate an existing Asia-focused fund with the latest Squadron offering, and additional capital-raising may follow.
US-based Flag Capital is acquiring the Hong Kong-based private-equity investment team.
Chau Ly joins Squadron Capital in Hong Kong to do investor relations.
US dollar private-equity GPs and LPs fret about the explosion of Chinese RMB-denominated funds, but experienced players see upside too.
But business standards among Asian PE funds are still better than those elsewhere in the world, according to a survey by fund-of-private-equity-funds firm Squadron Capital.