Noah targets private equity FOF for HNWIs in Hong Kong
The financial planner is seeking to replicate a successful strategy it runs on the mainland focused on general partners in China that exit deals via IPO or trade sale.
Chinese independent financial adviser (IFA) Noah is aiming to launch a US dollar fund of private equity funds this year out of its fledgling Hong Kong office targeted at high-net-worth individuals.
In doing so it is seeking to replicate a successful strategy it has run in mainland China since May 2010, when Noah (China) set up a RMB-denominated fund of PE funds, raising Rmb500 million.
Run by a team of 10, this is a closed-end fund only available to HNWIs in China through privat…
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