Fung Capital and Investcorp Form Greater Bay Investment Fund

Posted on 11/01/2022

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Fung Capital is the family office of the Fung brothers – Victor Fung and William Fung. Fung Capital and Investcorp are forming a US$ 500 million fund to invest in mid-cap companies that span the Chinese cities of Hong Kong and Macau. The fund will have a buyout investment strategy.

The Greater Bay Area’s role “as one of the main economic engines of China has never been more important as the country looks to rebalance its economy,” Investcorp’s Executive Chairman Mohammed Alardhi said in the statement.

HSBC Holdings Plc has already made moves in the Greater Bay region and has launched a number of funds targeting that region.