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CEIIF has first closing at USD30m

CreditEase China has held the first close of CreditEase Israel Innovation Fund (CEIIF), the firm’s first Israel-focused venture-capital/private-equity fund, at USD30 million.

CEIIF is managed by Israel Innovation Investment Management Ltd, a Cayman Islands-based manager that is jointly owned by CreditEase and its founding managing partners, Tayman Kan and Benjamin Weiss.
The new fund focuses primarily on private technology companies located in Israel and the US It considers opportunities across a broad spectrum of industries, including technology, media, telecommunications, health care and smart materials, and will invest in a mixture of early- and later-stage opportunities.
"The first closing of CEIIF represents a significant milestone for our wealth-management platform. We are encouraged by the confidence our clients continue to show in our new VC/PE investment products," says Richard Williamson (pictured), co-head of corporate strategy for CreditEase. "We believe that technology companies in Israel offer interesting investment opportunities for our clients, and we are proud to team up with Tayman and Ben, who bring a unique combination of skills and an impressive joint track record of success."

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