Bahrain-headquartered alternative investments manager Investcorp on Monday (Apr 13) announced the first closing of a $275 million private equity vehicle targeted at Asia food brands.
The company said in a filing with the Bahrain bourse that the platform is jointly owned and managed by Investcorp, and Chinese companies China Resources, and Fung Strategic Holdings Limited.
The PE platform targets growth and market opportunities in Asia’s food sector.
Investcorp said it will aim to invest in branded condiments, packaged foods and health snacks.
The firm said in November the PE platform aimed to raise $500 million and would target food brands specifically in China, Singapore, and greater Southeast Asia.
Investcorp said it had $31.1 billion in assets under management at the end of 2019, including assets managed by third party managers.
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