China New Enterprise Investment Fund II (‘CNEI’) is a private equity fund investing in well established quality Chinese growth companies.
Deal Information
In November 2008 LDC announced its US$30million investment in China New Enterprise Investment Fund II (‘CNEI’) a private equity fund investing in well established quality Chinese growth companies.
The fund is being managed by New Enterprise Management, whose principal partners are Xiaoyang Yu, Johannes Schoeter and Hirosuke Sakai.
LDC was particularly attracted to this opportunity as the partners each have more than 25 years experience doing business in China and were pioneers of financial investment in the PRC. The partners are supported by a professional team of eight investment executives.
This investment represents LDC’s first commitment of capital to the region since the opening of its office in Hong Kong. In addition, LDC and CNEI have entered into a Partnership Agreement regarding portfolio collaboration and co-investment opportunities; along with the mutual exchange of know-how pertaining to investment best practice in Europe and China.
As of early 2011, CNEI's total portfolio encompasses 14 companies operating in sectors such as retail, automotive engineering and metals manufacturing. Furthermore in November 2010, CNEI listed its first business on the Shenzhen Stoke Exchange (SZSE).