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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...