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Investcorp, China Resources and Fung Investments launch investment platform


Investcorp, a leading global alternative investments manager, China Resources, one of the world’s largest owner and distributor of food brands in Greater China and Fung Strategic Holdings Limited, a member of Fung Investments, have jointly announced the launch of the first-ever private equity platform dedicated solely to investing in food brands in Asia, specifically China, Singapore and greater Southeast Asia.

Fung Investments is the private investment arm of the families of Victor Fung and William Fung, the controlling shareholders of the Fung Group, the Hong Kong based pioneer in the global consumer goods supply chain. The new platform will be jointly owned and managed by the three founding partners, operating out of their respective offices in Beijing, Hong Kong and Singapore with US$300 million of capital already committed by Investcorp, China Resources and the Fung Investments.

The investment platform will primarily focus on capturing the growth and market opportunities of China’s highly fragmented food sector. Together, Investcorp, China Resources and Fung Investments intend to construct a diversified portfolio of investments to support fast growing businesses with anticipated higher margins and defensive franchises, as well as new premium brands in niche sectors such as condiments, packaged food and healthy snacks.

China is the world’s largest and fastest growing consumer market. With 120 million Chinese households set to become middle class consumers over the next decade, China provides a potential “once in a generation” surge in domestic consumption growth. This trend is also supported by Chinese millennials spending more money and seeking new, more premium and healthier brands.