PRINT THIS PAGE Clal, IDB and Israel Infinity close $75m Chinese venture fund18/06/2004. Source: AltAssets. 
 Clal Industries and Investments, IDB and the Israeli Infinity Fund, have completed fundraising for a $75m new venture capital fund that will operate in China. The new fund will invest in Chinese start-ups, as well as in Clal group and Israel Infinity group portfolio companies.
The new fund will work in cooperation with a Chinese commercial entity that manages an industrial park in Eastern China.
This is the first time a foreign venture capital fund has received permission to operate and invest in China, in partnership with a local fund, following a regulatory change made by the Chinese government in early 2004, according to a report by Globes Online.
Copyright © 2004 AltAssets
|
