First Eastern Investment Group, one of the pioneers of private equity investments in China, has launched a new fund focusing exclusively on the growing economic relationship between Europe and China. First Eastern was founded by Victor Chu in 1988 and has over 80 direct investments in Chinese companies.
The new Euro-China fund sees First Eastern teaming up with European corporate and private equity heavyweights Siemens, BASF, Zurich Insurance Company and Mannheim, all of which are founding limited partners in the new fund. The partners bring significant breadth of expertise to the table and give a flavour of the type of investments the new fund will be focused on.
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