Chinese private-equity assets hit $652 billion

Wealthy individuals and family offices account for almost half the number of Chinese private-equity limited partners, but only a fifth of the actual funds invested, according to Beijing-based consultancy Zero2IPO. And the number of private-wealth investors in the country’s PE market is rising swiftly despite their lack of expertise in the asset class, says a report published this week by the firm. A total of 3,947 limited partners have committed $652 billion to China’s booming P…