A luncheon was held on June 24 at the China Club. Mr. Wen Tan, Managing Director from Squadron Capital delivered a talk on the Asia Pacific PE fund terms in the light of the ILPA principles. Squadron Capital presented the results of a survey of a sample of Asian private equity funds launched during the past two years and open to investment by international institutional investors, to see how their terms and conditions compare to the ILPA's view of global best practice.