PRE China Private Equity II AS (“PRE China II”)
PRE China II offers investors exposure to the fast growing Chinese economy.
PRE China I is a fund-of-fund and is currently in the process of raising equity to commit to China New Enterprise Investment Fund II, a follow-up fund to China New Enterprise Investment Co.
China New Enterprise Investment Fund II (the “Fund”) will be a China incorporated closed-end private equity fund targeting opportunities in China. The Fund aims to have aggregate capital commitments of US$ 250 – 300 million from international investors. A first closing is planned for late June 2008.
The Fund will be incorporated in China under the Chinese regulations for foreign funded private equity capital activities.
The Fund will target companies with exceptional growth and value potential seeking expansion or acquisition capital.
The Fund will adopt a proactive investment approach by seeking majority shareholder positions or strong minority positions with extensive shareholder rights and by adding value through assisting portfolio companies improve their management, corporate governance and operations.
Exit strategies are defined at the time of investment. Due to its onshore structure as a China registered vehicle, the Fund is able to take advantage of domestic exit routes, especially M&A, and to repatriate realized gains to overseas investors.