LPs voice concerns about big PE funds

Private equity firms that have raised ‘mega-funds’ in recent years may be victims of their own success. Allocators at wealth management firms in Asia have expressed concern about how multi-billion-dollar vehicles will deploy that capital, suggesting that small or mid-market players are a better bet. Certainly some general partners – including well-established names such as Apollo, Carlyle and RRJ – have admitted they are finding it harder to raise money in Asia these days. Small…