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Performance track record is less important than fees, terms and conditions for Asian institutions considering a private assets fund, according to research from Schroders.

The consumer-focused private equity firm raised more than €600m for its L Catterton Europe IV fund last year.

EQT Growth will invest between €50m and €200m in mostly European companies focused on B2B tech, healthcare tech and impact tech.

The €25.7bn firm is in market with at least seven funds and has promoted its Iberia head to concurrent head of the UK.

The number of funds that have closed so far in 2020 is down 50% year-on-year while the dollar value of capital raised remains steady, PEI data show.

Shanghai-based Chris Lerner and another senior executive are understood to have left the placement agent and advisory firm in August.

The covid-19 crisis has done nothing to derail the transition to a carbon-free economy, being driven by some of the world's largest assets owners, the UN climate envoy has said.

The pandemic is an opportunity to return to a 'better normal', according to Yoshitaka Todoroki, who oversees PE and infra at the $1.5trn Japanese pension giant.

Institutional investors want to avoid mistakes they made post-GFC and want to capitalise on investment opportunities working around covid-19-induced limitations, Probitas has found.

KKR Asian Fund IV, which has been in market since March, is already 40% larger than its 2017-vintage predecessor.