China Everbright Limited (CEL) has launched a multi-strategy alternative investment fund (FoF) with an initial RMB5 billion of committed capital, RMB1.25 billion of which is from CEL’s principal capital.
The fund’s target is RMB10 billion, which will be invested in CEL's primary market funds as well as in leading private equity funds that maintain good cooperation with CEL, an excellent market reputation and a strong performance track record.
CEL believes that a multi-strategy alternative investment fund (FoF Fund) can significantly diversify the investment portfolio of institutional investors, alleviating the volatility attributed to similarity in investment portfolios.
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