Bahrain-based alternative investment firm Investcorp has teamed up with Hong Kong fund manager China Everbright to jointly manage a new fund focused on China’s technology sector.
Both firms will be on the investment committee running the China Everbright New Economy Fund.
In addition, Investcorp and China Everbright are also considering launching a private equity fund focused on the same sector.
“This is our most significant step so far towards expanding our footprint into the fastest growing economy in the world, China, and is in line with our strategy of growing AUM through global expansion,” said Hazem Ben-Gacem, Co-CEO of Investcorp.
The Bahrain firm has also just announced the launch of a $500 million private equity platform dedicated to investments in Asia’s food sector. The new venture is in conjunction with Hong Kong-based Fung Investments and food distributor China Resources.
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