The global placement agent has launched a platform to help managers raise RMB funds and has hired Eric Gu from China’s National Social Security Fund to lead the effort.
Canada-based China Select Capital Partners has received approval from the municipal government of Suzhou Industrial Park to set up funds denominated in the Chinese currency.
Of the $1trn of dry powder available globally, Bain & Co estimates $200bn is allocated to the Asia-Pacific region, which is poised for a strong rebound in PE activity by 2012.