China Private Equity, Venture Funds Seek More Time to Buy Assets

Venture capital and other private equity funds that raised money to invest in China during a tech boom a few years ago are increasingly facing a quandary. Some are running out of time to put investors’ cash to work, and the pickings have become slim.

A number of US dollar funds that focus on China are in negotiations to extend their investment periods, so that their managers can have more flexibility to deploy capital and find a better window for exits.

Private fundraising for Asia assets has slowed sharply as global investors have broadly pulled back or limited their exposure ...