diff --git a/thriftpy/_compat.py b/thriftpy/_compat.py
index 9c15e1f..eabf603 100644
--- a/thriftpy/_compat.py
+++ b/thriftpy/_compat.py
@@ -11,7 +11,6 @@
 
 import platform
 import sys
-import types
 
 PY3 = sys.version_info[0] == 3
 PYPY = "__pypy__" in sys.modules
@@ -58,69 +57,3 @@ def __new__(cls, name, this_bases, d):
                 return type.__new__(cls, name, (), d)
             return meta(name, bases, d)
     return metaclass('temporary_class', None, {})
-
-
-def init_func_generator(spec):
-    """Generate `__init__` function based on TPayload.default_spec
-
-    For example::
-
-        spec = [('name', 'Alice'), ('number', None)]
-
-    will generate::
-
-        def __init__(self, name='Alice', number=None):
-            kwargs = locals()
-            kwargs.pop('self')
-            self.__dict__.update(kwargs)
-
-    TODO: The `locals()` part may need refine.
-    """
-    if not spec:
-        def __init__(self):
-            pass
-        return __init__
-
-    varnames, defaults = zip(*spec)
-    varnames = ('self', ) + varnames
-
-    def init(self):
-        self.__dict__ = locals().copy()
-        del self.__dict__['self']
-
-    code = init.__code__
-    if PY3:
-        new_code = types.CodeType(len(varnames),
-                                  0,
-                                  len(varnames),
-                                  code.co_stacksize,
-                                  code.co_flags,
-                                  code.co_code,
-                                  code.co_consts,
-                                  code.co_names,
-                                  varnames,
-                                  code.co_filename,
-                                  "__init__",
-                                  code.co_firstlineno,
-                                  code.co_lnotab,
-                                  code.co_freevars,
-                                  code.co_cellvars)
-    else:
-        new_code = types.CodeType(len(varnames),
-                                  len(varnames),
-                                  code.co_stacksize,
-                                  code.co_flags,
-                                  code.co_code,
-                                  code.co_consts,
-                                  code.co_names,
-                                  varnames,
-                                  code.co_filename,
-                                  "__init__",
-                                  code.co_firstlineno,
-                                  code.co_lnotab,
-                                  code.co_freevars,
-                                  code.co_cellvars)
-
-    return types.FunctionType(new_code,
-                              {"__builtins__": __builtins__},
-                              argdefs=defaults)
diff --git a/thriftpy/thrift.py b/thriftpy/thrift.py
index 0cf0877..64b492d 100644
--- a/thriftpy/thrift.py
+++ b/thriftpy/thrift.py
@@ -10,8 +10,9 @@
 from __future__ import absolute_import
 
 import functools
+import types
 
-from ._compat import init_func_generator, with_metaclass
+from ._compat import with_metaclass
 
 
 def args2kwargs(thrift_spec, *args):
@@ -38,6 +39,36 @@ def _type(s):
         return "MAP<%s, %s>" % (_type(spec[0]), _type(spec[1]))
 
 
+def init_func_generator(spec):
+    """Generate `__init__` function based on TPayload.default_spec
+
+    For example::
+
+        spec = [('name', 'Alice'), ('number', None)]
+
+    will generate a types.FunctionType object representing::
+
+        def __init__(self, name='Alice', number=None):
+            self.name = name
+            self.number = number
+    """
+    if not spec:
+        def __init__(self):
+            pass
+        return __init__
+
+    varnames, defaults = zip(*spec)
+
+    args = ', '.join(map('{0[0]}={0[1]!r}'.format, spec))
+    init = "def __init__(self, {0}):\n".format(args)
+    init += "\n".join(map('    self.{0} = {0}'.format, varnames))
+
+    code = compile(init, '<init_func_generator>', 'exec')
+    func = next(c for c in code.co_consts if isinstance(c, types.CodeType))
+
+    return types.FunctionType(func, {}, argdefs=defaults)
+
+
 class TType(object):
     STOP = 0
     VOID = 1