Outsized commitments express international investors’ unwavering faith of Asia’s growth story, with China being the engine.
Two developments accentuate China’s position in Asia’s private equity asset class: Hillhouse’s US$10.6 bn fund is the largest for Asia, Ant Financial’s US$14 bn fund raising is the largest by an Asian fintech company.
The fact that a 13-year old-fund management firm, Hillhouse, and a fintech operation that began in 2014, Ant Financial, have been able to garner overwhelming interest from international investors underlines the pulling power of China, Asia’s principal engine of growth.
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