Tuesday, 28 February 2017
Last updated 2 hours ago
Feb 25 2010 | 1:32pm ET
An Och-Ziff Capital Management and Goldman Sachs veteran has founded a China-focused private equity firm, seeking to raise as much as $500 million for its debut fund.
Frank Yu has already completed the first round of fundraising for Themes Investment Partners, The Wall Street Journal reports. The new firm is expected to begin deploying that capital in the coming months.
Themes will invest in a wide array of market sectors. The firm will seek to co-invest with limited partners, who it will help pursue strategic transactions in China, according to the Journal.
Yu served as a managing director at New York-based Och-Ziff. He joined the hedge fund in 2007 from Goldman Sachs, where he was a managing director and focused on Chinese banking firms.