As Valuations Rise, China Private Equity Executives Retire

Amid increased competition and rising valuations, some executives in China’s private equity market are stepping out of the game. Benjamin Cheng, a China partner with London-based private equity shop Actis, will retire after seven years at the firm, Reuters reported. Cheng’s retirement comes shortly after the Financial Times reported that two of the three founders of Beijing-based Hopu Investments planned to retire as the firm winds down investments, Reuters said.

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