The head of Goldman Sachs’s private equity business in Asia has said she has stopped trying to raise money in the US because of geopolitical tensions between Washington and Beijing.
Stephanie Hui, who runs the Asia-Pacific private and growth equity arm of Goldman Sachs Asset Management, with investments that include deals in China, made the comments at a private equity conference in Hong Kong on Tuesday.
“I’ve been asked to do observations of what we’re seeing in the marketplace . . . [one is] the geopolitics,” she said.
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