First mainland China private equity fund of funds

With a target size of $150 million, the Jade China Value Partners L.P. will invest in top-tier private equity funds operating in mainland China with a focus on growth and expansion stage oriented funds.

The Fund is sponsored by the Kuwait China Investment Company (KCIC) a newly established investment company with the objective of becoming the premier Asia focused Investment Company in the GCC through facilitating and participating in capital flows between the Middle East and Asia. KCIC is a subsidiary of the Kuwait Investment Authority and the National Investment Company, two of the most prominent financial institutions in the Arabian Gulf.

Announcing the launch of the fund, Mr. Ludvig Nilsson, one of the fund's general partners, said:

'This is a unique initiative that offers investors diversified exposure to the growth of mainland China's private enterprise. The fund is managed by individuals who have been active in China's private equity industry virtually since its inception. We have met tremendous interest for private equity investment in China particularly from GCC based investors who are attracted not only by short-term returns but who also share our view that there is a great long-term strategic upside in the Sino-Gulf relationship'.

Jade China Value Partners is backed by a team with firm roots in China's private equity industry coming from a wide range of backgrounds including the China Venture Capital Association (CVCA), Citigroup Venture Capital Asia, PricewaterhouseCoopers, Booz Allen and Roland Berger Strategy Consultants.

The fund's advisory board consists of prominent and industry leading professionals and entrepreneurs such as Mr. Sun Hongbin, founder of Sunco Group, China's largest real estate developer and brokerage, China private equity veteran Mr. Charles Xue, founder of Nasdaq-listed UTstarcom, Dr. Eugen von Keller, President of Asia at Roland Berger Strategy Consultants, and Dr. Fan Gang, head of the China National Economic Research Institute.

'Our team and advisory board have been established with the aim of covering all areas of expertise relevant to private investment in China and are a testimony to our view that long-term success in mainland China requires dedication and focus' said Mr. Nilsson, himself a fluent Mandarin speaker who has lived and worked in China for almost a decade.