Investcorp launches $500m PE fund focused on Asia's food sector

Tim Zhang, Chief Investment Officer of China Resources Capital Management (left) and Hazem Ben-Gacem, Co-CEO of Investcorp

Editor’s note: This story was amended 10.10 am SGT Thursday after the companies issued an updated press statement that they are targeting to raise $500 million for the new fund and have so far committed $300 million to it. 

Bahrain-based alternative asset manager Investcorp has partnered with China Resources and Fung Strategic Holdings Ltd to launch a $500-million private equity fund focused on food brands in Asia, especially China, Singapore, and greater Southeast Asia, according to a statement.

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