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LEHMAN, LEE & XU China Lawyers
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China Private Funds Lawyers Alert
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July 2013
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The China Law News keeps you on top of business, economic and political events in the China. |
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In the News |
Boyu Capital Avoids China’s ‘Princeling’ Curse |
More often than not, private equity funds set up by the sons and daughters of top Chinese government officials, also known as “princelings,” have been met with a barrage of criticism for being unprofessional and investing money willy-nilly into deals. But Boyu Capital, which counts among its partners Alvin Jiang, the grandson of elder political statesman Jiang Zemin, has won praise from investors and is expected to quickly attract capital for its second fund, which it plans to launch later this year with a $1.5 billion target. One Beijing-based limited partner also pointed to the pedigrees of the firm’s four other partners as a testament to the firm’s professionalism. http://blogs.wsj.com/moneybeat/2013/07/03/boyu-capital-avoids-chinas-princeling-curse/
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