Asia's private equity (PE) industry is sitting on a cash pile, estimated at $50 billion, but a shortage of experienced fund managers is a big worry for the sector. A snap poll of about 250 PE experts at Super Return Asia 2010 conference showed that about 44 percent considered too much cash as the biggest risk to the industry, followed by absence of experienced fund managers. Asia is set to deliver strong returns for PE funds, with more than half the respondents expecting China to deliver the highest returns over the next three years. About half of the $50 billion investable capital available in Asia targeted for China. “The number of funds have proliferated dramatically in the last 5 to 10 years,” Nicholas Bloy, managing partner of Navis Capital told Reuters. […]