Investcorp makes initial close of Asia food sector-focused fund at $275m

Photo by NeONBRAND on Unsplash

Investcorp, a Bahrain-based alternative asset manager, has made an initial close of its Asia food brands-focused private equity platform at $275 million, nearly half its $500-million target, according to an announcement.

The new PE fund focuses on food brands in Asia, especially China, Singapore, and greater Southeast Asia. The platform was established jointly by Investcorp, China Resources, and Fung Strategic Holdings Limited.

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