China Everbright Reaches $294M Second Close For Global Fund

CEL Global Investment Fund, L.P., a private equity fund sponsored and managed by China Everbright Ltd., has completed its second closing in December with an accumulative capital commitment of approximately US$294 million, the company announced today.

The fund is expected to reach final closing within 2017 with a target size of US$500 million, and is in talks with a number of professional investors and financial institutions currently.

The vehicle will primarily invest in equities and equity-linked securities of companies established in North America and Europe with strong growth potential in China.

The fund expects to focus on industries important to the economic transformation and sustainable dev...

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