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.
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.