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November 25, 2021

Bridgewater Associates raises $1.25bn for China investment fund

By Verdict Staff

Bridgewater Associates, founded by veteran investor Ray Dalio, has reportedly raised the equivalent of $1.25bn for its third investment fund in China.

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The move is anticipated to place the firm amongst the biggest foreign private fund managers in China’s financial market, The Wall Street Journal reported citing a person familiar with the matter.

Bridgewater first launched private funds in China in 2018, after securing licence from the Asset Management Association of China (AMAC).

This licence allowed the firm to raise money from institutional and high-net-worth (HNW) individuals in China and invest it in domestic yuan-denominated securities.

According to the source, Bridgewater’s latest onshore fund, which was recently marketed to institutional investors and HNW investors, has raised CNY8bn.

It is said to be substantial compared to other funds offered by foreign managers of private fund in the country.

At present, only one among 35 registered, wholly foreign-owned private fund managers in China is said to manage over CNY5bn.

According to marketing documents seen by WSJ, Bridgewater’s new fund is in the form of a trust product managed by state-owned China Resources Trust.

Bridgewater’s China subsidiary has been named as the investment adviser for the fund.

Last November, a report by Bloomberg said that Dalio is planning to set up a family office in Singapore to manage his investments and philanthropy across the region.

In September this year, a Chinese unit of Citi secured domestic fund custody licence, becoming the first US bank to receive this licence in China.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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