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  "documentTitle": "Asia-Pacific Private Equity Report 2014",
  "authorId": "Bain",
  "authorName": "Bain",
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  "notes": "Includes two charts: a stacked bar chart showing realized vs unrealized capital by vintage year, and a stacked bar chart showing fund commitments by performance tier.",
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      "text": "By 2013, these winners accounted for almost 80% of capital raised in the Asia-Pacific region.",
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      "text": "Asia-Pacific buyouts (mix of realized and unrealized capital), by investment year",
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      "text": "Breakdown of the Asia-Pacific-focused funds that closed during the year, based on their prior fund's performance",
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      "text": "Capital allocation by fund performance: 80%",
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      "kind": "paragraph",
      "text": "This analysis suggests that the worst of the post-boom correction may be over. Short-term returns will still come under pressure from the underperforming funds crowding the market.",
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      "kind": "paragraph",
      "text": "time, fund-raising data shows that LPs' flight to quality began in the aftermath of the global economic crisis, in 2009. Starting in 2010, capital flowing into the market began to favor the experienced funds with the best returns.",
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      "kind": "paragraph",
      "text": "Guarded optimism also extends to deal making. Nearly 70% of industry participants in Bain's survey predict deal activity will increase by at least 10% in 2014.",
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      "text": "While countervailing arguments can be made around both those factors—especially valuations—there is no debate that the demand to do deals will be strong.",
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      "kind": "title",
      "text": "Figure 3.1: Is the worst over for returns? There are some important reasons for optimism",
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      "text": "Investments: Heavy pressure to do deals",
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