ClearVue Partners closes USD262m Fund I for China consumer market
ClearVue Partners (CVP) has raised USD262m for its first fund, ClearVue Partners, exceeding the target of USD200m and hitting the hard cap for the fund.
ClearVue Partners focuses on investment opportunities in the fast growing consumer market in Greater China, specifically in the food & beverage, consumer products, and consumer internet & mobile sectors.
Fully committed to the Chinese consumer sector, Fund I will focus on companies with unique capabilities, strong competitive positioning in the China consumer market and differentiated products.
“The consumption story in China is irreversible, its share of GDP will continue to grow as consumers continue to trade up,” says Harry Hui, founding managing partner of ClearVue. “Our strategy is to help build local lighthouse brands, and to bring global and local best operational and marketing practices to our companies.”
Despite the significant impact from government’s active anti-corruption policies, the total retail sales of consumer goods in China have grown by 13.1 per cent in 2013, which is the highest globally. Mass consumption and innovative market opportunities related to changing consumer lifestyle are expected to drive further growth of the consumer market in the future.
“ClearVue Partners is leading the way in focusing on the consumer sector in China and building successful brands with their dedicated consumer expertise,” says Daniel Auerbach, managing partner of Fidelity Growth Partners. “We are pleased to have been one of the anchor investors to help ClearVue successfully launch its first fund.”
Along with Fidelity, ClearVue has a global group of institutional investors and advisors behind Fund I, including Emerald Hill, Harbourvest, AUDA, JP Morgan, Verlinvest, Robert Wood Johnson Foundation, and many other foundations, endowments and family offices.
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