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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Permavest closes $63m fund of funds for China07/04/2008. Source: AltAssets. 
Hong Kong-based private equity fund manager Permavest Investment has closed a $63m private equity fund of funds. Raised from high-net-worth clients spanning the Asia Pacific region, the fund will target private equity and venture capital partnerships in China. Richard Lai, co-head of investment banking, said, 'The Asia Pacific region is a growing focus of our investment banking and capital markets efforts. The success of our private equity fund of funds is further evidence of our ability to meet the needs of our clients and gain their trust.
'Our main focus is on portfolio diversification, investment transparency, liquidity and the potential for consistently strong returns with significantly less risk when compared to a single private equity partnership,' he added.
Permavest Investment is an affiliate of Amerex Investment (H.K.) Co.
Copyright © 2008 AltAssets
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