China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

EuromoneyFXNews.com

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December 2007

Private equity: Mid Europa scores private equity hat-trick

Mid Europa Partners, the leading independent private equity firm focused on central and eastern Europe, has established a notable benchmark for the industry in the region, raising €1.5 billion in commitments for its latest fund, Mid Europa Fund III.


The largest buyout-focused fund in the region to date attracted contributions from more than 60 investors, both existing and new, including Axa Private Equity, Caisse des Dépôts et Consignations, Citi, European Investment Bank, Government Investment Corporation of Singapore, Goldman Sachs Asset Management and Unigestion. About 28% of commitments came from pension plans; 24% from funds of funds; 19% from banks, insurance companies and other financial institutions; 16% from government-related entities and international financial institutions; and 13% from endowment funds and foundations. European and North American investors accounted for 50% and 36% of total commitments, respectively, with the 14% balance coming from the Asia-Pacific and...


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