News

Fung Capital and Investcorp launch China fund

Fung Capital, InvestcorpHong Kong-based asset manager Fung Capital has partnered with Bahrain-based alternatives manager Investcorp to launch a US$500 million fund aimed at companies in China’s Greater Bay Area (GBA). Once the fund is properly established, it will be based in Hong Kong. It is the fourth venture to be launched by Investcorp and Fung Capital, which is a family office. The fund will look to invest in mid-cap companies in the Guangdong Province and Hong Kong and Macau. While it intends to be sector-agnostic, the initial focus will be on controlled buy-outs of mid-cap enterprises in the region. “The GBA is a globally competitive industrial and technology cluster, and there are strong fundamentals that single out the GBA ecosystem,” said Investcorp chairman Mohammed Alardhi. “There is big potential, particularly, for GBA-centred mid-cap companies with innovative products and services targeting Asian but also global customers to be grown into significantly larger players,” he added. ©2022 funds global asia

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