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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note