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Consolidation in PE firms in region seen after banner year

Increasingly difficult for private equity firms to generate sufficient returns for their investors

Published Wed, Mar 4, 2015 · 09:50 PM

Singapore

EVEN as the private equity industry experienced a record year in 2014 in terms of portfolio exits, industry players say consolidation is happening in Asia amid plenty of liquidity, inflated asset prices and narrowing margins.

"The larger ones are getting larger. The smaller, nifty local ones will (remain) good. Anything in between, the medium-sized companies with no differentiation, will disappear. A wave of consolidation is evolving in Asia as we speak," Partners Group co-CEO Christoph Rubeli told The Business Times in an interview last Thursday.

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