Shanghai M&A Private Investment Fund Phase III has filed with the Asset
Management Association of China (AMAC) and commenced investing. First-close size
is RMB 900 mln; Guotai Haitong’s private-fund subsidiary will serve as fund
manager, with large industrial groups, listed companies and financial
institutions among LPs. The vehicle will target M&A and equity investments in
policy-backed sectors—high-end manufacturing, integrated circuits, new
materials, new energy and information technology. The Shanghai M&A Fund
franchise, set up with Shanghai government approval in 2014, has completed three
phases to date and has deployed more than RMB 5 bln across multiple
market-significant M&A deals.
