Now Reading
Bahrain’s Investcorp announces $250m investment in China

Bahrain’s Investcorp announces $250m investment in China

The company will invest up to $150m in the second round of the China Everbright Limited New Economy Fund

Bahrain’s Investcorp has announced its first investment in China through a fund created by asset manager China Everbright Limited.

The company will invest up to $150m in the second round of the China Everbright Limited New Economy Fund and an additional co-investment of up to $100m.

The first round of the fund, which invests in Chinese technology companies, received a commitment of $313m.

Investcrop said the Chinese economy was increasingly attractive for private equity investors.

“Today, China is a pivotal pillar of the global economy and a critical component of a balanced global asset allocation strategy,” said executive chairman Mohammed Alardhi.

Investcorp said last month it expected to make its first direct investments in China and India within 18 months as it widens its focus on Asia.

Read: Bahrain’s Investcorp looks to make direct investments in China, India

The company has to date mainly focussed on Europe, the Middle East and North Africa and United States, where it recently acquired a warehouse portfolio for roughly $300m.

Read: Bahrain’s Investcorp acquires $300m of US warehouses

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top