Eastern Link Capital is raising up to RMB 200 million (approx US$29m) for a China-focused fund that will invest in late-stage and mid-market companies. The industry focus is on consumer spending, with an emphasis on IT. The firm already has held a first close on RMB 100 million, and expected to secure the remainder within the next six months.
Eastern Link Capital was launched in Suzhou Industry Park, China. China Development Bank and Suzhou Industry Park Fund are among the limited partners. The fund will target commitments between RMB 100 to 200 million over two closings. First closing of RMB100 million is ready to invest. The final closing will take place within 6 month.
Eastern Link Capital is a China-focused investment firm that seeks late stage and middle market investment opportunities in qualified companies with an industry focus on consumer spending, emphasizing investments in information technology companies and related sub sectors in China.
Eastern Link Capital’s four founding Managing Directors have over 50 combined years of experience in business management and operations, venture capital/private equity investing, investment banking (including public offerings and M&A transactions). Two of our Managing Directors have extensive experience in deal sourcing, due diligence, valuation, advising portfolio companies in business operations and exit strategies, and these Managing Directors executed over 20 portfolio company investments while managing IDG Technology Venture Investment (“IDGVC”) fund in China. Additionally, two Managing Directors, both of whom are former investment bankers in China, have been instrumental in underwriting more than 10 IPO’s and acted as financial advisor in connection with over 20 M&A transactions.
Eastern Link Capital targets high growth companies seeking capital to increase market share, expand revenue and accelerate profitability. In addition, Eastern Link Capital seeks companies with an excellent executive team and a scalable business earnings model with an expanding customer base, attractive market growth, potential high profitability and convenient future exit opportunities.
Eastern Link Capital also has office in Boston, USA and Beijing China.