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Asian HNWIs more averse to unfamiliar PE projects, says Citi

In a shift away from past trends, Asian clients are gravitating toward such projects that they can “look, feel and touch” and have a better understanding in, says a private equity expert at Citi Private Bank. Speaking at a private equities forum this week, Terrance Philips believes that the industry is not only at the place in the business cycle where…

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