Germany’s AGIC Capital has closed its first private equity fund at $1 billion, with most of that raised from institutions in Greater China, underlining the region's demand for European technology-related corporates.
AGIC, founded by veteran Asia dealmaker Henry Cai, could have raised the hard cap and brought in more capital, but it wanted get on with deploying the assets, said Wolfgang Seibold, partner and managing director. Besides Greater China, the fund received commitments from Europe and elsewhere in Asia, he added.
Tech focus
The fund invests in European small- and mid-cap companies in high-end manufacturing and medical and green technologies, with the...
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