Mizuho, China Merchants Joint Fund Reaches First Closing

Japanese investment banking and securities firm Mizuho Securities Co., Ltd. has agreed to invest US$20 million toward a China-focused private equity fund jointly established by itself and a subsidiary of China Merchants Group Limited, according to a company announcement.

The fund, named CMH Growth Fund, L.P., is seeking to raise US$200 million to US$250 million in total.

With capital commitments from the two founding entities, the Japan Bank for International Cooperation and other Japanese corporations, the fund has reached a first closing with undisclosed amount of capital commitments. 

The investment vehicle will operate both in China and Japan, and aims to invest in private Chinese companies and help them to grow with Japan’s advanced technology and know-how via cross-border deals and partnerships, says the statement.

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