Hong Kong-based financial services company China Everbright Ltd. has held the final closing of its North America and Europe-focused investment fund, CEL Global Investment Fund, at $539 million.
The vehicle has already infused more than $350 million into various portfolio firms targeting high value-added sectors like industrial communications and advanced manufacturing.
CEL Global Investment Fund majorly infuses in equities of the companies situated in Europe, North America and Asia with a sound business model and strong development in China.
Currently, the vehicle is exploring opportunities in these markets for minority or majority with control commitments. Corporate backers, family offices, and fund of funds were the investors in the fund.