Emerald Hill North Asia head to set up China fund-of-funds

According to sources familiar with the situation, Yip's partner in his new venture will be Low Kah-Fai, executive director of Eagle Asia Partners, another Asia-focused fund-of-funds. The venture will be backed by an unnamed strategic investor and back funds investing in China's "new economy," notably technology, media and telecom and also healthcare.

Yip, formerly head of AVCJ Research, has been with Emerald Hill since its inception nine years ago. Low is a founding member of Eagle Asia, having joined from its predecessor TIF Ventures.

Emerald Hill closed its third Asian fund-of-funds in May at $400 million. Endowments and foundations account for the vast majority of LPs, with about 75% of investors in Fund II re-upping for Fund III. There are no separate or managed accounts.

Eagle Asia has $200 million in assets under management. Earlier this year, it was one of six managers to establish an affiliation with Natixis Global Asset Management (NGAM). NGAM will offer its investors a single point of access to the affiliated managers. All six firms retain their autonomy and have complete management independence.

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• Topics
• People
• Fund-of-funds
• Greater China
• Emerald Hill Capital Partners
• Fund-of-funds
• China
• Asia