News

Everbright and Walden launch semiconductor fund

Computer_processor_chipChina Everbright is launching a fund focused on the semiconductor sector in partnership with venture capital firm Walden International. The fund, which has a target size of $500 million, will invest in microchip, artificial intelligence and other technology companies. “[The fund] is expected to make investments and initiate M&As in notable projects in global semiconductor area at the growth and maturity stages, realising potential returns both from the projects' technological developments and capital market movements,” said a statement from the firms. China accounts for nearly half of global revenues in the semiconductor sector as well as nearly half of global consumption. Although US and European companies still dominate chip design, Chinese companies are now active at almost all other levels of the supply chain, said the firms. Based in Hong Kong, China Everbright manages a number of private equity and venture capital funds as well as bond and equity products. Walden International has $2.6 billion under management. ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.