Prax Three period 160 million dollar fund focus on Chinese real estate

Date: 2007-5-21 9:01:00 from: Reuters Author: Lin Qi views: 48 Related companies: Soho China involved: Prax involved in the industry: real estate focused on investing in China's private-equity firms--Prax investment fund executives said in Shanghai in Friday,　　Its third fund, which is being recruited, is expected to raise 1.5 to $160 million trillion, all of which will be spent during the year, all invested in China's real estate development projects. Jeff, a Prax investment fund China partner, told reporters on the sidelines of a news conference that Prax investment Fund III started raising overseas last October and is expected to end the recruitment process in June.　　The fund will be focused on real estate projects in second-tier cities, with an investment of about 30 million dollars per real estate project.　　Prax investment This and Tianjin Yongtai red X Tong  irresolute ┰ Trace  Squat 200 million yuan and Yongtai red X min to the epiphyseal ⑻ 旖 蛞 Huan at the bottom of the ≌, 8 Meng course  Zhan  Hungry II's first investment project. Prax Investment is operating Prax investment Fund II, mainly in the traditional manufacturing industry, the total size of 150 million U.S. dollars.　　Focus on growth-oriented enterprises, each project investment of 1,000-30 million U.S. dollars, holding period of 3-7 years. He expects the Prax investment Fund II to run out in the first half of 2008. The fund has entered China since August 2003, and its first fund has invested in companies such as Wuxi Suntech, a catering company, and small sheep.