Interesting FT article which quotes Michael Klein of Citibank, Tim Collins of Ripplewood, and Charlie Bott of Goldman-Sachs, all who are bullish on private equity, especially in Asia. Private equity investment in Asia-Pac rose 91% from 2002 to $17.5 billion.
Michael Klein, chief executive of global banking at Citigroup, says at current rates of investment there is only two years' worth of capital left in private equity. "That is the lowest level for at least a decade," he said. "In 2004 fund raising will unquestionably rise."
I am all for foreign investments in Asia, especially Japan, if it means more efficiency, more restructuring, and and end to the recession.
