Infinity I-China, the largest China-Israel fund and the second China-Israel fund of Infinity Group, created six new joint venture private equity funds throughout China with the purpose to support the growth of local businesses.
The new funds, which will range in size from 200m RMB to a goal of 500m RMB, were created in cooperation with the cities of Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin.
They represent the third step in Infinity’s ten-year plan for the region, following its 2004 establishment of the first RMB fund in China and its 2008 cross-board fund.
Infinity Group currently manages more than US$700m through nine funds, seven in China, and has a portfolio of 45 companies.
Infinity I-China serves as a bridge for Chinese companies that want to integrate technology and know-how to compete internationally and non- Chinese companies, with proven technology, seeking to capitalize on the Chinese market.
Sectors of focus include: medical device, pharma and healthcare services, information technology, agriculture, materials, as well as water and clean technology.
Infinity has offices in Tel Aviv, Hong Kong, Beijing, Shanghai, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo, Tianjin and New York.