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Investcorp and Fung Capital announce new US$500mln fund during the Future Investment Initiative

Wednesday, October 26, 2022

(Press Release) - Global alternative asset manager, Investcorp, will join forces with Fung Capital (“Fung”), the private equity investment arm of Fung Investments, the Hong Kong headquartered private investment office of the families of Dr Victor Fung and Dr William Fung, to invest in mid-cap companies across China’s Greater Bay Area (“GBA”) encompassing the Guangdong Province and the two Special Administrative Regions of Hong Kong and Macau. The GBA boasts a large number of innovative, growing and profitable private enterprises and present a highly attractive investment destination. It is currently expected that – once established - the fund will be operated out of Hong Kong.

The upcoming $500m fund was announced in Riyadh on the first day of Saudi Arabia’s flagship Future Investment Initiative. The fund will represent the fourth venture between Investcorp and Fung combining Investcorp’s 40 years of global private equity investing and operational value creation expertise with Fung’s more than 115 years of successful commercial history connecting Asia with the rest of the world through trade.

The fund will engage in privately-negotiated equity or equity-linked investments in growing and profitable companies based in or with nexus to the GBA. While being sector-agnostic, the fund will primarily focus on control buyouts of mid-cap enterprises with proven profitability and strong growth potential.


View full announcement here