Investcorp has made its first private equity investment in China by committing up to $150 million to the China Everbright New Economy Fund, targeting high-growth technology companies.

Information on the Target

Investcorp, a prominent global provider and manager of alternative investment products, has announced its inaugural private equity investment in China since its establishment in 1982. This significant move involves a partnership with China Everbright Limited (Everbright), a reputable sovereign-backed cross-border asset manager, publicly listed on the Hong Kong Stock Exchange.

The investment by Investcorp consists of up to $150 million in the second round of the China Everbright Limited New Economy Fund L.P. (the “Fund”), along with an additional co-investment right of up to $100 million. The initial round of investment in the Fund attracted a total commitment of $313 million from various investors, which has been strategically allocated to high-growth Chinese technology companies across diverse market sectors, including e-commerce, internet services, smart retail, and artificial intelligence.

Industry Overview in China

China's technology sector is experiencing remarkable transformation, fueled by ongoing economic growth and a technological revolution. The country's rapid economic expansion is largely driven by increasing consumer spendin