Ting Yu Seng, an International Finance Corporation IFC executive seconded to Chase Capital Partners Asia CCPA, says the private lending arm of the World Bank is interested in Chase's Asia Opportunities Fund because it is good investment and it is helping Asia rise from the economic slump. In total, US pension funds have chipped in more than $200 million to the close-ended fund, which closed this week after raising $1.1 billion.
The names of these US pension funds are hard to come by because, other than being publicity-shy, fund trustees still don't like being seen investing in such risky investments as private equity. But at least they give it a try, which...
