The private equity arm of the mainland group targets $500 million for the first close of a strategy that will largely invest in Asia and Europe. It ultimately hopes to raise $5 billion.
Tag : china merchants
More mainland funds have received the go-ahead for sale in Hong Kong under the mutual recognition scheme. They are tipped to provide stiff competition for RQFII products.
China Merchants Fund Management will test domestic appetite for global resources investments with a new fund, for which shareholder ING is a sub-advisor.