Friday, April 1, 2011
Jacob Rothschild China Outbound Private Equity Fund
RIT Capital Partners, a British investment fund controlled by Lord Jacob Rothschild, and Chinese investment firm Creat Group plans to set up a $750 million private equity fund in China. The fund will raise most of its money from Chinese companies and then invest in Western businesses in a wide range of sectors including technology, natural resources and luxury goods. RIT and Creat Group will together invest $100 million in this venture.