Zombie funds paralyse 10% of Asian PE assets
Some $18 billion in regional private equity AUM is trapped in inactive vehicles, with nearly half of Indian funds thought to be among the walking dead.
About $18 billion in Asia-focused private equity assets are held in so-called zombie funds, which are effectively inactive but continue to collect management fees from investors, according to data provider Preqin.
Of the $116 billion in total zombie assets that are collectively held by 1,200 vehicles globally, Asia accounts for about 10% of the AUM, indicates a new report from the company.
It is attributable to 109 inactive Asia-focused funds that have passed their typical holdi…
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