Ireland Strategic Investment Fund, CIC Capital Announce €150M Fund To Back Irish And Chinese Tech Firms

The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.

Asia Alternatives Reaches Final Close Of $1.8 Billion For Fifth Fund

Asian private equity fund-of-funds manager Asia Alternatives has reached a final close of over US$1.8 billion for its fifth fund, Asia Alternatives Capital Partners V, LP, and several other vehicles. The new funds will focus on building a diversified Asian private equity portfolio with an emphasis on top-performing local Asian fund managers, the firm said today in an announcement. Asia Alternatives Capital Partners V, along with its parallel fund Asia Alternatives Capital Partners V (ERISA), LP, closed on US$1.515 billion …

IFC Considers $25M Investment in Genbridge Capital Debut Fund

International Finance Corp. (IFC), a member of the World Bank Group, is considering an investment of up to US$25 million in Genbridge Capital’s debut vehicle, according to a regulatory filing by the firm. Genbridge Capital is a Chinese investment firm founded by former members of the mergers and acquisitions division of Inc.

Bona Film, CAA To Form $150M Film Fund

American talent and sports agency Creative Artists Agency (CAA) and Chinese film distributor and production company Bona Film Group have announced the establishment of a long-term film fund, with an initial fundraising target of US$150 million.