Tuesday, 4 August 2015
Last updated 1 hour ago
Nov 19 2007 | 11:04am ET
London-based Arch Financial Products is launching a private equity fund focused on Chinese energy assets next month.
Arch hopes to raise up to $500 million for the China AME Energy Fund, which will have a target return of over 20% net of fees annually.
The fund–a three-way partnership between Arch, Financial Partners Bank and Future Trends International Group–will invest in mid-market companies and projects in China, broader Asia-Pacific and the Middle East. It will focus on traditional energy assets such as oil, natural gas and coal producers, and will also look at a broader range of segments including oilfield services, energy infrastructure and alternative energy products, such as biofuel producers and gasification projects.
“With China’s economic engine still growing at 8% per annum and increasing, the country’s annual crude and refined oil market at 10%-plus, and the gas market at just under 20%, there is still an undeniable attraction in both opportunity and return profile within this market alone,” said Stephen Decani, a senior partner at Arch.
“The partnership underpinning the China AME Energy Fund will provide investors with a unique blend of Chinese and regional coverage across energy, infrastructure and cross-border trade; extensive Far East & Middle East on the ground transactional expertise; and in-depth portfolio management, structuring, corporate finance and private equity experience”.
The fund will target institutional investors including pension funds, family offices, banks, and high net-worth individuals in Europe, Middle East, Asia and the U.S.
Arch was founded in 2002 as a structured product provider and launched its investment management business in July 2006. Since then, the firm Arch has accumulated assets of over $1.2 billion in its private finance, sustainable opportunities and private equity strategies.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…