Tembusu, Partners Plan $100M Chinese Media Fund

Dec 10 2014 | 11:43am ET

Singapore private equity fund Tembusu Partners is teaming with China's Bona Film Group and Sinagapore entrepreneur Calvin Cheng to launch a $100 million Chinese media and entertainment fund.

The fund will be one of the first non-Reminbi dominated funds to invest in China’s media sector, reports Variety.

Fundraising for the closed-end, five-year media fund will be formalized on March 31, 2015, and is expected to include investments from Bona Film and Thailand's Chia Tai Group.

The fund will invest in media companies, content and technologies.

“The existing film and TV co-production agreement between Singapore and China opens up opportunities for the fund to invest in projects that involve Singapore-based media companies. In addition, we will be looking at media companies globally that have a ‘China-story’,” Cheng, executive director and co-founder of Lumina-Looque International, told the paper.

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