Posted on: April 11, 2011 by Luisa Beltran
Prudential Financial and Fosun Group announced Monday an agreement that allows them to move forward in creating a $600 million PE fund for the Chinese marketplace. The pool will be called Pramerica-Fosun China Opportunity Fund, L.P. The agreement allows the investment team to begin making investments in China-based companiesand companies outside of China but with significant revenue or business connections in that country. The firms, in January, announced the formation of the fund.
Tags: Fosun Group, Prudential Financial
Posted on: January 14, 2011 by Eamon Beltran
Fosun Group and Prudential Financial Inc. signed a memorandum of strategic cooperation to form a private equity fund. Insurance and financial service company Prudential is looking to invest $500 million in the fund. Fusom Group, which is a non-state-owned conglomerate in China, will serve as general partner and take responsibility for investment decisions. It looks to invest $100 million.
Tags: Fosun Group, Prudential Financial Inc
Posted on: February 24, 2010 by PEHub Administrator
HONG KONG/SHANGHAI (Reuters) – U.S. buyout giant Carlyle Group will team up with China’s largest non-state-owned conglomerate Fosun Group to launch a $100 million yuan-denominated private equity fund, part of a global strategic alliance to share resources, the companies said on Wednesday. Carlyle and Fosun, a unit of Fosun International Ltd (0656.HK), have initially committed [...]
Tags: Carlyle Group, Fosun Group
