Breaking into China
Private equity firms trying to break into the Chinese market have often found themselves stymied by authorities who consider industrial and technology sectors sensitive.
But the Beijing-based Berun Group has teamed up with Australian Private Capital Investment Group to form an environmental private equity fund that they hope will have more success as China pushes for greener development.
The Green Private Equity Fund (or GPE Fund) aims to raise $2 billion and will mostly look at investing in established firms focused on environmental protection. Investors include groups and individuals from the Middle East as well as Australia, Europe and Japan.