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Adveq and Dalian create investment management company in China

Adveq Holding and Dalian United Holding have formed a jointly owned investment management company in China.

The company will be the first non-government private equity fund of funds investment company in the People’s Republic of China.

The new entity’s purpose is to pursue investment management and related service activities in private market investing in China. The initial prime focus will be the formation of RMB denominated private equity fund of funds and related service activities in China.

Dalian’s chairman Zhenxin Zhang says: “Looking at the Chinese market, we see tremendous opportunities to develop our activities within the scope of RMB denominated private investing. With Adveq, we are happy to have gained a partner with significant global experience in this business.”

Adveq’s chairman Bruno Raschle (pictured) adds: “Adveq has been pioneering private equity fund of funds investment management in Europe, North America and across Asia Pacific. Now we are looking forward to do the same in China, where together with United’s China expertise we can leverage the know-how we have built over time and where we can develop synergies with our existing Asian business activities.”

Dalian United Holding is an investment management holding company incorporated in Dalian, the People’s Republic of China. It holds businesses in the fields of financing leasing, guarantee, banking and private equity investing.

Adveq Holding is the parent company of Adveq Management, an independent manager of private equity funds of funds. Founded in 1997, Adveq Management has offices in Zurich, Frankfurt, New York and Beijing and a representative office in Sydney.

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