China Everbright, Catalyst Form PE Fund With Israel Focus

Law360, New York (October 30, 2013, 1:52 PM EDT) -- China Everbright Limited and Israeli firm Catalyst Equity Management will form a joint venture to establish a private equity fund to invest in Israeli companies, the firms announced Wednesday.

The venture will try to raise $200 million and might raise that to $300 million if fundraising goes well. The JV hopes to initially close the fund in January 2014 with a seed commitment of $75 million. The Chinese finance giant's subsidiary sees Israel as an important source of research and development that could fuel lucrative investments,...
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