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  "documentTitle": "Asia-Pacific Private Equity Report 2014",
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      "text": "The gap between top-quartile and bottom-quartile funds in the Asia-Pacific region has been wider than in North America or Europe, with a relatively large number of money-losing funds at the bottom dragging down average returns.",
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      "text": "But slow distributions over a limited history have left LPs in a cash-negative position",
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      "text": "Net cash flows: 16%",
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      "kind": "paragraph",
      "text": "performance has varied widely among individual market players. The gap between top-quartile and bottom-quartile funds in the Asia-Pacific region has been wider than in North America or Europe...",
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      "text": "Sources: EMPEA/Coller Capital Emerging Markets Private Equity Survey 2013; Preqin",
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      "text": "Figure 2.7: PE funds have yet to deliver on investors' high expectations in the Asia-Pacific region",
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