Swiss Life China Fund Seals Its First InvestmentThe Swiss Life Private Equity China Limited Partnership Fund (SLCF) will invest US$5.5 million in Union Oriental, a China-based computer company, which will be its first investment since the fund was set up last October.Union Oriental is an IT operation engaged in computer hardware and software distribution, systems integration and application, and software development. The company also sells and installs telecommunication networking services and products principally in China. A spokesman for SLCF said that the fund's investment focus will be mainly on industries in the areas of telecommunication, transport, food supply, housing and health. "The fund will also consider investing in businesses in need of restructuring," the spokesman said. The fund was set up in Beijing last year by the Swiss Life Insurance and Pension Company, now Switzerland's largest life insurer, which has representative offices in Guangzhou and Beijing. |
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