China's Dah Chong Hong, CITIC team up for $80m healthcare, consumer fund

Stethoscope lying on medical records.

Dah Chong Hong Holdings, a motor and consumer products distribution company in Greater China, has joined forces with Chinese conglomerate CITIC Limited to launch a $80-million fund to invest in the consumer and healthcare sectors.

Dah Chong Hong will participate as a limited partner (LP) and make a capital commitment of $35 million to the Tamar Alliance Fund. CITIC Pacific, a CITIC Ltd wholly-owned subsidiary which is also the parent company of Dah Chong Hong, will also contribute the same amount, while the holding company of the general partner, Tamar Alliance GP 1 Limited, will invest another $10 million.

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