China’s Harvest Fund has debuted its first commercial property private equity fund, as part of its attempts to diversify its alternatives investment capabilities via its onshore subsidiary.
Firms whose China JV partner has a segregated account subsidiary have been urged to review liability firewalling and capitalisation levels amid industry danger signs.
The HK firm is monitoring a probe and potential default by Shanghai Goldstate Brilliance, a segregated subsidiary of its China JV. The case highlights the risks facing foreign fund houses.