
Capital Dynamics forms alliance with RMB fund-of-funds Diligence Capital
Capital Dynamics has partnered with China-focused fund-of-funds manager Diligence Capital in a bid to expand its geographic footprint in the world’s second-largest economy
It will adopt Diligence Capital's Chinese name when conducting activities relating to China, while Diligence Capital will operate under the English brand name Capital Dynamics China, the company noted in the statement.
"With Diligence Capital, we're working with an award-winning private equity team in China and gaining deep, local experience. We believe this sets us apart from our peers and helps us to fulfill our objective of connecting investors with timely, desirable investment opportunities in some of the world's most attractive private equity markets," said Stefan Ammann, newly-appointed CEO of Capital Dynamics.
Last year Ammann replaced Thomas Kubr, founding CEO, who still serves on a full-time basis as executive chairman of Capital Dynamics' board, focusing exclusively on client development and overall firm strategy.
Andy Ge, CEO at Diligence Capital, expects the partnership with Capital Dynamics to support his firm's expansion in China. "The firm's long-standing international private equity expertise and practical experience in the development of various emerging private equity markets will be fundamental to success in the Greater China region," he said.
Focused on investing in private equity and clean energy, Switzerland-based Capital Dynamics has been active in China for nearly 10 years through global, regional, local and affiliate funds. It currently has $17 billion in assets under management.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.