Feb 26 A former managing director of U.S. hedge
fund Och-Ziff Capital Management Group (OZM.N) is looking to
raise about $500 million for a private equity fund focusing on
China, the Wall Street Journal reported.
Frank Yu is starting his own private equity firm called
Themes Investment Partners, and the firm has completed its first
round of fund raising, the paper said, citing people familiar
with the matter.
Frank Yu declined to comment to Reuters from his Hong Kong
The fund is expected to begin start dealing in the coming
months in a broad range of sectors, the paper said.
A source told the paper that Themes Investment Partners
intended to co-invest with its limited partners and help them
pursue strategic transactions in China.
(Reporting by Sakthi Prasad in Bangalore, editing by Will