Pride to raise $50 million for pre-IPO China fund
Lewis Wan, former CIO of Marco Polo, is moving his focus from A-shares to pre-IPO stakes.
Pride Investment, a China-focused fund management group founded by Lewis Wan, the former CIO of Marco Polo Investments, says it is raising $50 million for its latest China pre-IPO investment fund. The fund will invest in selective names and sectors that will benefit from the governmentÆs national development plans and economic policies.Minimum investment in the fund is HK$500,000. Investors will receive regular dividends from Pride Investments but will not be allowed to re-invest in t…
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