Wu from Paul Capital discusses fund's remit

Lucian Wu, managing director of Paul Capital, discusses the background and investment mandate of the private equity secondaries fund.
Lucian Wu

What is Paul Capital’s mandate
We were set up in 1991 in the US by Philip Paul who had the opportunity to acquire a portfolio of venture capital and leveraged buyout fund positions. We were a pioneer in the secondaries market, which essentially means we acquire interests in private equity funds, direct private equity interests and unfunded private equity commitments. We currently manage $7.3 billion of assets. In Asia, also, we were the first dedicated secondaries fund when I joined Paul Capital in 2008.

What kind of deals do you seek
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