GUANGZHOU (Fund China) - Hong Kong-based Squadron Capital will raise a scale of 400 million U.S. dollars fund of Funds (Fund of Fouds, “FOF”) to invest in the PE funds in China and India.

Squadron Capital CEO David Pierce is paying a high degree of attention to the rapidly growing consumer markets in China and India. He hoped that investment in the consumer business of fund management companies in these two areas could bring lucrative returns, so that the new funds could still achieve more than 20 percent annual yield after deducting the cost.

Early in February, Squadron Capital completed a 300 million U.S. dollars FOF fund raising. In the Asia-Pacific region, Squadron Capital selected 70 percent of the 14 private equity fund management companies to invest in, including China’s Hong-yi investment company, Australia’s M & A Fund Archer Capital and India Avigo.

Squadron Capital manages more than 1 billion U.S. dollars assets. Its CEO, David Pierce has been active in Beijing, Hong Kong, Shanghai, Singapore, Taipei, Tokyo and other places since he entered the field of private equity in 1982. And in the 1990s he became a CEO of a fund company that focused on the private equity in China. So, he has a deep understanding of the private equity market in China.

Copyright Fund China 2008.

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