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Many firms are also looking at an alternative strategy, putting off sales by setting up so-called continuation funds to take over holdings for several more years, according to interviews with about a dozen of private equity investors and advisers. That's also proving challenging.
Mounting concerns about the risks of investing in China have seen secondary buyers demanding huge discounts. Meanwhile, China deals involving PE firms are on track to slide for a second straight year.
MARKET WRAPS Stocks: European stocks traded in postivie territory on Wednesday although gains were modest with some caution ahead of the Federal Reserve's interest-rate decision.