中国向け環境ファンド１０００億円

http://www.zero2ipo.com.hk/China_This_Week/detail.asp?id=6568

Sycamore Ventures, China's CARCU Launch 1 Bln Usd Environmental Fund

From XFN-ASIA 2008-5-21

Investment firm Sycamore Ventures said it has launched the one bln usd China Greenstar Resource Utilization Investment Fund in partnership with China Association of Resources Comprehensive Utilization (CARCU), which operates under the State-owned Assets Supervision and Administration Commission.

Greenstar Management Corp, an affiliate of Sycamore, will be responsible for 900 mln usd, while CARCU has already collected 100 mln usd, Sycamore said in a statement.

China Greenstar, one of the world's largest funds focused on China's environmental sector, will likely invest 70-80 pct of funds in China, 10-15 pct in the US, 5-10 pct in the rest of Asia, and the remainder in other global markets, the statement said.

According to the statement, Sycamore has invested in over 100 companies in the IT, consumer, media, telecom, and health and life sciences sectors globally. Among these companies, 55 have successfully listed, it said.

"We see a lot of opportunities in the development of clean technologies in China and these innovations require strong support," said John Whitman, managing partner of Sycamore.

CARCU president Xiao Yaqin, who is also chairman of Aluminum Corp of China (Chalco), said CARCU seeks investors with a long-term outlook on the environmental sector who are able to offer "strategic guidance in the management and operation of the business."

According to the statement, China's environmental industry growth stands at about 25 pct per year, with projected revenues of 880 bln yuan to one trln yuan by 2010.

(1 usd = 6.96 yuan)