IFC Commits $45M To China’s Hosen Capital And Long Hill Capital

The International Finance Corporation (IFC), the investment arm of the World Bank, has committed US$45 million to a Hosen Capital fund and another vehicle managed by Long Hill Capital Management, according to disclosure filings.

IFC is committing up to US$30 million to Hosen Investment Fund III, the latest vehicle from Hosen Capital, a Chinese private equity fund with a strong focus on agriculture and food industry.

The fund, led by Chris Wang and Alex Zhang, is looking to invest in companies that support Chinese consumption and seeks to raise US$400 million in total.

IFC committed US$20 million in the fund's successor, New Hope Agriculture and Food Fund II. L.P.

The core team forming Hosen Capital was initially part of Ne...

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