China Everbright Limited CEL, the Hong Kong investment arm of mainland financial services group China Everbright, has raised four new funds this year and has identified key areas of investment for both its proprietary portfolio and the private equity strategies it manages for clients. They are elderly care, medical care, semiconductors, consumption upgrading and financial technology.
And it will be hoping to tap a new vein of capital. This year mainland insurers started investing in CEL’s PE funds, said chief executive Chen Shuang at the firm’s first-half results conference in Hong Kong on Wednesday.
Certainly insurers have been ramping up their allocation to the private...
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