Chinese private-equity funds eye foreign assets

For most investors, including local ones, China is all about benefiting from the domestic growth story, but lately private-equity funds raised on the mainland have been looking to acquire foreign assets. Law firm Jones Day, which is expanding its Asia-based alternative investment funds practice, sees this as a new and interesting trend in mainland China. There are two broad approaches that these funds have been looking into, says partner Dennis Barsky. One involves using an offs…