Singapore's Asia Media launches $500 million China-focused fund
Singapore-based Asia Media & Technology Capital Management Pte Ltd. (AMTC) has teamed with Beijing-based China Information Broadcast Network (CIBN) to launch a $500 million fund targeting media and digital investments in China.
AMTC is to act as the GP of the fund, which will invest in media and tech companies in Asia, with a focus on China, across platforms such as monetization, social media, digital TV and distribution. The fund has attracted investment interest from various governmental organizations as well as SWFs and leading private sector companies, AMTC said.
Peter Tan, CEO of AMTC, said the firm worked closely with media regulatory bodies, including China’s State Administration of Radio, Film and Television (SARFT), as well as CIBN to launch the fund. CIBN signed an MOU with AMTC to create the entity.
The news comes a week after Singapore-based PE firm Sky Films Capital and China-focused SND Ventures Group co-launched a RMB1 billion ($147 million) fund to finance PRC businesses related to the media, digital, film and television industry.
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