Eaton Partners has served as the exclusive placement agent for CDIB Capital Asia Partners with USD405 million in commitments from long-term institutional investors.
The fund is run by CDIB Capital International Corporation ("CDIB Capital"), the international private equity arm of China Development Financial (CDF).
Based in Hong Kong, CDIB Capital has a strong track record of executing its "China-Plus" strategy, which capitalises on the continued growth momentum of China as well as the broader Asia Pacific and China cross-border growth, while mitigating risks associated with investing solely in Mainland China. The Fund will provide expansion capital and operational expertise to companies that are well positioned to capture visible China cross-border "inbound" or "outbound" growth and unlock inefficiencies. The Fund is managed by a veteran team led by Paul Yang, Chairman of CDIB Capital and President and CEO of CDF, and Lionel de Saint-Exupery, President and CEO of CDIB Capital, who have executed this strategy since starting CDIB Capital in 2006.
The fund received significant investments from leading fund-of-funds, family offices, sovereign wealth funds, insurance companies, and corporations. It represents the fourth Asia-focused fund that Eaton has served as exclusive placement agent on this year.
"CDIB stood out for the continuity of its partnership, proven ability to return capital, and strong performance relative to peers," says Chris Lerner (pictured), Partner in Eaton's Shanghai offices. "We are proud but not surprised by their success."
