Fascinated by the East

Captivated by the East, private equity houses in the USA are racing to form investment vehicles for the Asian market In a development that evidences the magnitude of the Asian private equity appeal, two investment programmes for Asia were announced in mid July by two separate private equity/venture capital firms in the USA, one for the China market, while another seeks opportunities across Asia. The Silicon Valley-based Accel Partners unveiled its plans for the China technology market when it announced the launch of a US$250 million fund that will invest in “fast-growing enterprises in information technology, healthcare, consumer technologies” in China. Christened as IDG-Accel China Growth Fund, IDG Technology Venture Investment LLC which has been managing IDG’s venture capital investments in China since 1992, will act as manager.

Source: Asia Private Equity Review

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882