Asia GPs struggle to raise funds

Fundraising has become difficult for Asian private equity firms, and the general outflow of capital from emerging markets will make it more so, argue industry executives. "There is no more easy money," said Charles Ong, co-chairman and co-CEO at RRJ Group at a forum last week hosted by the Hong Kong Venture Capital and Private Equity Association. "Or, if you are a Star Wars fan, Yoda would say, 'easy money, no more'." The line from one of the biggest homegrown players in Asian p…