GLG Explores Private Equity In China, India

Mar 14 2008 | 10:31am ET

Alternative asset manager GLG Partners has teamed up with Beijing, China-based investment and consultancy firm Origo Sino-India to explore private equity opportunities in the fast-rising Asian markets.

Origo has agreed to provide GLG with research services for three years for a fee of £3 million (US$6 million) that will include analysis, evaluation and generation of investment opportunities in the Chinese and Indian markets. In addition, GLG has agreed to invest approximately £17.1 million (US$34 million) in Origo through the placement of new Origo ordinary shares. Following completion of the placement, GLG will own approximately 29.6% of the outstanding share capital of Origo.

“Origo owns an interesting portfolio of proprietary investments primarily in China and India and has an exciting pipeline of investment opportunities in these markets”, said Greg Coffey, a Senior Managing Director of GLG.
 
GLG’s funds also own investments in Origo Resource Partners, an investment fund to which Origo is a consultant.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note