china everbright’s latest private equity fund csof iii completes fund raising at usd 400 million | 光大控股-九游会登录

china everbright limited (“everbright” or “the group”, hkse code: 165) today announced that the third offshore private equity fund of its direct investment division, china special opportunities fund iii (“csof iii”) has closed on approximately usd 400 million (approximately hk$3.11 billion). the investment team has rolled out the investment planning and analysis works, in preparing for the search of rewarding projects. 

about one-third of the capital raised has come from the seed money committed by everbright, with the remaining coming from primarily foreign institutional investors, pension funds, university funds and high net-worth individual clients. csofiii is planned to be invested in agriculture, consumer goods industry, service industry, financial auxiliary and other high-growth sectors in the mainland china. 

the direct investment business of everbright began in 2002. its two previous usd offshore funds, namely china special opportunities fund i and ii, were invested in high-growth industrial, services and hi-tech sectors. the companies on which investments were made, namely techfaith, china high speed transmission 

equipment group, goldwind science & technology, china sunshine paper and isoftstone, have been listed on the us, hong kong and mainland a-share markets, generating significant returns for everbright and fund investors. amidst its investment portfolio, projects that had completed such as techfaith, china high speed transmission equipment group recorded over 3x and 18x of returns, while the others reported substantial growth in investment value. the everbright team’s 

project sourcing ability is further demonstrated by the funds’ portfolio of investment in non-listed companies with great potential, such as liaoning wufeng group, yuan cheng group, china ums and being mate. 

everbright said, “our direct investment division has showed very promising results and great success over the last few years. it is now managing 7 investment funds, growing its capital size to over usd 830 million (approximately hk$6.5 billion), with fair value surging to hk$10 billion. our ‘3 2 macro asset management’ business strategy has established a solid investment platform and condition. with the completion of various fund-raisingexercises and fund developments, our fund size will see prominent growth. 

currently, everbright has 11 funds under management with fair value of aum at hk$15 billion. building on its solid foundation, it will continue to seek quality investment projects, expand its asset management scale and maximise returns for the company and investors.