Chinese conglomerate Fosun Group has expanded its global asset management and advisory platform by launching Fosun Eurasia Capital in Russia.
Eurasia Capital is an integrated financial platform for Fosun’s investment and asset management advisory businesses in Russia and neighbouring countries.
Fosun Eurasia has been co-founded by Fosun and Tanya Landwehr and Igor Danilenko, Chinese conglomerate’s local partners in Russia.
Fosun Eurasia aims to identify value investments in the region using Fosun’s own capital to further expand the group’s global investment capabilities.
Fosun said that it will also provide full financial support to the unit providing the team with an unconstrained investment approach covering fixed income, direct investments, real estate, bond, equity and private equity projects.
Additionally, the new operation will offers external investment advisory services to both local and international investors.
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Fosun Eurasia will identify mid-and long-term value investment opportunities for Fosun throughout the region as well as explore and evaluate investment opportunities in energy, natural resources, consumption, manufacturing, and other industries in Russia, Mongolia and the CIS region.
Fosun chairman Guo Guangchang said: "We are very pleased to announce that the asset advisory platform was built in Russia, marking an important milestone for the laying out of Fosun’s globalization strategy.
"Fosun Eurasia has a high-quality management and investment team, with the capability to invest in Russian stocks, fixed-income products, private equities, debts and properties and with research capabilities covering various sectors.
"Coupled with Fosun’s financial support and specialized resources in different segments, this will contribute to better development of this investment platform in Russia for the long term development, facilitating realization of Fosun’s value investing principles in Russia and the entire CIS region."
Landwehr said: "The inception of Fosun Eurasia has unique value in Russia’s financial market, and underpins the increasing and growing importance of bilateral investment and trade between China and Russia. Our collaboration with Fosun Group will enable us to invest with nearly unrivalled flexibility in opportunities throughout the region."