Hong Kong/Shanghai/Beijing, September 22, 2016 — FountainVest Partners (“FountainVest”) announced today that it has completed the final closing of its third fund, FountainVest China Capital Partners Fund III, L.P. (“Fund III”), with a total size of US$2.1 billion.
Fund III was oversubscribed, and received strong support from its existing investors as well as a number of new high quality institutional investors. Leading pension plans, sovereign wealth funds, insurance companies and other institutions from North America, Europe, Australia, Middle East and Asia continue to represent the primary investor base of FountainVest.
Fund III is advised by a dynamic and seasoned team, with its founders having worked together since the mid-1990s through multiple economic cycles. The FountainVest leadership has expanded with the addition of senior investment and corporate operational professionals.
Frank Tang, CEO of FountainVest, commented: “We thank our existing investors for their long term support and renewed vote of confidence in us, and welcome our new investors with excitement. We will continue our existing investment strategies and execution best practices through Fund III, supported by a high quality team whose senior members have been working together for many years.”
He continued to say that, “We remain confident about China’s opportunities. The private sector, while not new as a key growth engine of the economy, has come of age. We believe that industry consolidations will intensify, mergers and acquisitions will create national leaders. In the context of an increasingly complex operating environment, opportunities for value creation through sector expertise and operational enhancement are more prevalent than before. As always, we seek not only to provide capital, but more importantly to add strategic value to our portfolio companies in their next phase of growth.”
Founded in December 2007, FountainVest is one of the largest private equity funds dedicated to investing in and partnering with Chinese private enterprises who are industry champions or emerging leaders. It has been at the forefront of some of the most sophisticated transactions. Its investment theme has consistently centered around the growing demands and rising aspirations of the Chinese middle class, with a focus on those companies who are benefitting from China’s ongoing transformation towards a consumption-led economy. FountainVest is committed to partner with high quality management teams in building industry leaders.
For more information, please contact
FountainVest Partners (Asia) Limited
Head of Investor Relations and Chief of Staff
Citigate Dewe Rogerson
Tel: (86 21) 5353-0303
FountainVest is a leading China-focused private equity firm. FountainVest focuses on long term oriented investments and targets industry leaders or emerging champions in China in the healthcare, consumer retail, media and entertainment and industrial sectors. FountainVest takes a long-term and disciplined approach to create value for its partners, and works closely with management teams in the areas of strategy, operations, finance, industry consolidation and governance.