At the intersection of technology, finance and the Pacific Rim.

Wednesday, June 10, 2009

Funds being raised in Asia

This gives a sense of the funds and their focus which are being raised today in Asia (complements of Asia Private Equity Review):

Fujian Government Plans Venture Capital Fund

The People's Government of Fujian Province plans to establish a venture capital fund that will have a target size of 600 million yuan (US$87.5 million). It will be managed by Fujian Investment & Development Group Co., Ltd.. (People's Republic of China)

Fund to Promote Female Entrepreneurship

Huamulan (Beijing) Investment Fund Management Co., Ltd. has been set up by a group of women to seek investment opportunities in companies established by female entrepreneurs. Backed by the Beijing-based Hongsen Group, the management firm is raising to raise at least 500 million yuan (US$73.2 million). (People's Republic of China)

Industrial Fund to Target Steel Industry

China Huarong Asset Management Corporation is to set up the country's first industrial fund to invest in the steel industry with Hunan Valin Steel Group Co., Ltd.. The fund has an initial target size of 1 billion yuan (US$146.3 million). (People's Republic of China)

South Asia Greets its First Special Situation Fund

The India-based Spice Finance has teamed up with the Singapore-based 3 Degrees Asset Management Pte Ltd. ('3 Degrees') to set up a private equity fund focused on special situations. The sponsors will commit US$21 million to the fund that invests in India and Southeast Asia. (South Asia)


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