The private equity arm of the Asian Development Bank has produced "unsatisfactory" results, according to an internal memo reported by the Financial Times. The report also found that ADB conducted no regular audits of its private equity fund investments.
The private equity arm of the Asian Development Bank has produced “unsatisfactory” results, according to an internal memo reported by the Financial Times.
The report also found that ADB conducted no regular audits of its private equity fund investments.
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