Avoiding any monkey business: private equity's challenge

From market and liquidity to technology and regulatory compliance, private equity firms encounter risk everywhere. But some risks, such as personal integrity, can be more latent.

When it comes to venture capital and private equity investment, a founder’s vision, management style and industry knowledge are just some of the things investors must consider in their due diligence when probing for that elusive, entrepreneurial 'X factor'.

But one risk element is often latent and sometimes overlooked personal integrity.

Roadstar.ai, a Chinese autonomous driving system developer, issued a statement this week in which it announced the dismissal of its co-founder and chief scientist Zhou Guang. It was an extremely rare case of a boss being fired.

According to the statement, Zhou was dismissed for embezzlement during the firm’s $128...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222