Investcorp, Fung Capital set up $500m fund targeting China’s Greater Bay Area

Investcorp, Fung Capital set up $500m fund targeting China’s Greater Bay Area

Shenzhen, China. Photo by Robert Bye on Unsplash

Global alternative investment manager Investcorp and the private equity arm of Hong Kong’s Fung Investments —Fung Capital — have launched a $500 million fund to invest in companies in the Greater Bay Area (GBA), according to an announcement on Wednesday.

The sector-agnostic fund will focus on investing in mid-cap companies and privately-negotiated equity or equity-linked investments across GBA.

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