Yvette Choo

The Swiss fund of funds manager has signed an MoU with the government of the Shanghai Pudong New Area.

The Hong Kong-based asset manager is the latest in a line of firms to launch a fund under the Shanghai Pudong New Area pilot scheme.

The fund, which will reportedly raise several billion in RMB, follows the US firm’s establishment of a smaller growth capital RMB fund earlier this year.

The bank and state-backed firm are the latest to take advantage of Shanghai's pilot fund policy. The CLSA fund will invest in sectors including renewable energy.

First Eastern and Blackstone have taken advantage of an onshore fund pilot programme in Shanghai, as China's big cities jockey to become the country's private equity centre.

The Connecticut-based placement agent has promoted David Love and Franklyn Chang to lead its efforts in Asia Pacific and Europe, respectively.

A new rule allows foreign firms to register investment management companies in Shanghai. Are things about to get interesting for the Blackstones of the world?

The US buyout major reportedly plans to take advantage of a pilot government policy allowing foreign firms to set up wholly-owned Chinese entities in the Shanghai Pudong New Area.

Sari Anabtawi will head the MENASA-focused firm’s fourth office outside the UAE. He leads a seven-strong team, which will source investment opportunities and work to grow the businesses of the firm’s portfolio companies in the kingdom and in the region.

China’s $200bn sovereign wealth fund has reportedly set up a new private equity department and appointed Hu Bing as its new head.