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Audio – Minority stakes fuel Asia growth for 3i Group
Europe’s biggest listed private equity and venture capital firm, 3i Group Plc, expects the money it puts to work in Asia to nearly double to around $700 million-$800 million, mostly through growth capital deals. Chris Rowlands, managing partner for Asia at 3i, told a Reuters Hedge Funds and Private Equity Summit that the Asia proportion of his firm’s assets under management would grow to 20 percent over the next two or three years from around 5 percent last November. Here he speaks about the opportunities in Asia, especially in China.