Nomura enters China’s PE space
Nomura Holdings has become the first Japanese financial services company to invest in Chinese private equity, after agreeing to participate as an LP in the Shanghai-based Jiu You Quan Xing Equity Investment Fund. The vehicle, which is managed by Jiu You Equity Investment Management, invests in companies in the high tech and biopharmaceutical spaces.
This arrangement follows the Shanghai municipal government's decision to allow Nomura and Jiu You Quan Xing to join the qualified foreign limited partner (QFLP) program. Nomura - the first foreign investment...
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