PHOTO: BLOOMBERG[HONG KONG] European pension funds, endowments and other large pools of long-term money are once again exploring private equity (PE) investments in China after years of shunning the world’s second-largest economy. Still, China’s climb back to its previous prominence in private equity will be steep. Sign Up Sign UpGlobal investors have sharply reduced their allocations to China, dragging down Asia’s share of private equity fundraising to multi-year lows. India stood out as the clear bright spot, delivering double-digit growth in both deal value and deal count. Vishal Mahadevia, head of Asia private equity at Warburg Pincus, said now would be “great timing” to get back into China.