China repays private equity investors’ faith

Returns from emerging-market private equity and venture capital funds beat those of non-US developed market PE and VC funds and of EM public markets last year, but were well down on 2014, according to investment consultancy Cambridge Associates. Still, the big EM gorilla – China – handsomely repaid PE investors’ faith, while EM sector-wise, media was way out in front in terms of returns. IT also performed well for full-year 2015. The Cambridge Associates LLC EM PE and VC Index g…