Guotai Junan’s Venture Arm Launches $40M M&A Fund

Guotai Junan Innovation Investment Limited Company, the venture investment arm of Chinese brokerage firm Guotai Junan Securities, has established an industry merger and acquisition fund with a fundraising target of RMB250 million (US$40 million), according to Chinese media reports.

The new fund, Guotai Junan Gelong M&A Fund, will seek to make equity and mezzanine investments in publicly listed Chinese companies across all sectors.

It aims to take control of companies, and help drive industry consolidation through mergers and acquisitions.

Guotai Junan Innovation Investment has registered a fund management company in Shanghai’s Free Trade Zone to manage the newly created investment vehicle.

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