cel global investment fund, l.p. completes its second closing and is one step closer towards overseas investments
business related 25 jan 2017
cel global investment fund, l.p. (“fund”), a private equity fund sponsored and managed by china everbright limited (“cel”, stock code: 165.hk), has completed its second closing on december 28, 2016 with an accumulative capital commitment of approximately us$294 million.
the fund is in talks with a number of professional investors and financial institutions presently. the final closing of the fund is expected to be completed within 2017 with a target size of us$500 million.
the fund will primarily invest in equities and equity-linked securities of companies established in north america and europe. the investment targets will generally have proven operational track record and a sound business model with strong growth in the market in china and make products or provide solutions which may have significant growth potential in china. the fund expects to focus on industries which are important to the economic transformation and sustainable development of china, including without limitation advanced manufacturing, advanced transportation equipment, advanced agricultural products and technologies, consumer products, clean energy, environmental and resources management, technology, media and telecommunications, wealth protection and healthcare.
the fund is available only for investment by professional investors (as defined under the securities and futures ordinance).investment involves risks. fund price may move up or down. past performance of any fund and securities is of no guide to future performance. professional investors should refer to the offering documents (including the risk factors) before investing.
the fund is in talks with a number of professional investors and financial institutions presently. the final closing of the fund is expected to be completed within 2017 with a target size of us$500 million.
the fund will primarily invest in equities and equity-linked securities of companies established in north america and europe. the investment targets will generally have proven operational track record and a sound business model with strong growth in the market in china and make products or provide solutions which may have significant growth potential in china. the fund expects to focus on industries which are important to the economic transformation and sustainable development of china, including without limitation advanced manufacturing, advanced transportation equipment, advanced agricultural products and technologies, consumer products, clean energy, environmental and resources management, technology, media and telecommunications, wealth protection and healthcare.
the fund is available only for investment by professional investors (as defined under the securities and futures ordinance).investment involves risks. fund price may move up or down. past performance of any fund and securities is of no guide to future performance. professional investors should refer to the offering documents (including the risk factors) before investing.
