CEL Global Investment Fund L.P., a private equity fund sponsored and managed by China Everbright Ltd. (CEL), has reached first closing with total capital commitment of approximately US$264 million, says a company announcement.
The fund will primarily invest in companies in North America and Europe with strong growth in China, or those making products with significant expansion potential in China.
The vehicle will focus on industries important to China's economic transformation, including advanced manufacturing, agricultural technologies, clean energy, environmental and resources management, TMT (technology, media and telecommunications), wealth protection and healthcare.
"In recent years CEL has pursued an active overseas growth strategy and has focused in particular on international restructuring opportunities by implementing interna...
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