Talking RMB Funds With C.P. Eaton's Asia Head
Placement agent C.P. Eaton today announced the hiring of Eric Gu to lead an exploratory effort toward placing RMB funds. Gu is based on Shanghai. I spoke with David Love, head of C.P. Eaton's Asia operations, about the developing rules and regulations, the potential for middle market RMB funds and the demand for private equity from Chinese investors. Tell me more about the new effort. It appears you're getting ready to place RMB funds. It's really an exploratory effort. We were the first placement agent to form an office there when we put one in Shanghai. It gave us a first mover advantage. One market that is developing is the whole RMB market, which is moving to be accessed by western GPs and China-based GPs, so we wanted to dedicate enough resources to it so we understood the regulations and rules of the market. We want to have knowledge of the development of the market, and so we could advise both western and local GPs as to strategies for accessing the market.
