New York Pacific Capital has just launched a new RMB fund called Suzhou Kabei Golden Fund, L.P, the firm has announced. The target size is RMB 300 million ($45.1 million). Suzhou Cheng He Venture Capital Company is the lead investor, while Agricultural Bank of China is placing the fund with its high net worth and corporate clients, NYPC has said.
The principals of NYPC have over thirty years of experience in investment banking and direct investments in the Asia Pacific region. The team has managed over $2 billion in private equity investments over the past ten years. With its unique global capital network, disciplined private equity investment approach and local Chinese market experience, NYPC provides investors with consistent returns while helping to develop the local economy.