HONG KONG (Reuters) – Olympus Capital Holdings Asia is close to raising a $250 million fund to focus on environment-related sectors in China and India, two sources with direct knowledge of the plan said.
Hong Kong-based Olympus Capital, which currently has about $1 billion under management, expects to officially launch the fund in the next few months, said the sources.
The fund, which will be named Asia Environmental Partners LP, will be the first fund managed by the firm to specialise in envirnomental sectors, such as renewable energy and environment protection, the sources told Reuters on Tuesday.
The sources declined to be identified as they were not authorised to speak to the media. Officials at Olympus Capital declined to comment.
(Reporting by George Chen; Editing by Chris Lewis)
(Additional reporting by Junko Fujita in Tokyo)