CEL Infrastructure Investment Fund II LP

Introduction

CEL Infrastructure Investment Fund LP II (“Fund II”) is the second infrastructure fund with international exposure in China Everbright Limited. Following the success of Everbright Overseas Infrastructure Investment Fund LP (“Fund I”), Fund II will continue investing in Asian infrastructure investment opportunities. The target fund size is USD600 million. Fund II is managed by indirect wholly owned subsidiaries of China Everbright Limited.

Investment Strategy

Fund II primarily invests in equity and equity-linked investments and will seek to primarily focus on investment opportunities in ASEAN countries.

Fund II intends to acquire controlling or significant minority stakes in target companies, including both greenfield and brownfield projects. Investment targets should have excellent management team, good operating track record and strong recurrent cash flows so that investors in the Fund can enjoy both a satisfactory cash yield and long-term capital appreciation.

The target industries include, without limitation, renewable energy, energy storage, power transmission and distribution networks, gas storage facilities, gas distribution networks, roads (including toll roads, bridges and tunnels), transport terminals (including airports and ports), communication towers, optic fibre network, data centres, water and wastewater treatment facilities, logistics facilities, car parking, social infrastructure etc.

As a responsible investor in infrastructure investment, CEL Infrastructure Investment Fund LP II is committed to building a better business for communities in the region and around the world. ESG integration serves not only as our goals but also as our powerful tools. Our ESG Policy aims to incorporate material ESG considerations into investment decisions with the objective of integrating sustainability elements into the Fund’s investment process and improving the long-term financial outcomes. 

The ESG Policy will be reviewed regularly to assure it remains concurrent to the latest requirements of relevant regimes. Details of the Fund’s ESG Policy can be viewed at PDF icon here.

Grievance Redress Mechanism

CEL Infrastructure Investment Fund LP II operates a grievances channel for individuals or communities who might have been affected by the Fund's finance. The grievance mechanism protects complainants and those who defend the rights of complainants from retaliation and grants them confidentiality. Complainants can remain anonymous if requested. Those wish to raise grievances can reach out via the contact information below:

Address: 46/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong
Tel:  (852)2528 9882 / (852)2905 0854
Fax: (852) 2529 0177
E-mail: OIFD@everbright.com

 

The Policy on the Project-affected People’s Mechanism of the Asia Infrastructure Investment Bank is applicable to the investee companies of CEL Infrastructure Investment Fund II LP (“the Fund”). Any stakeholder (including employees, suppliers, investors and customers) of the Fund’s investee companies is encouraged to raise concern or report misconduct instances by contacting the Fund or by filling submissions with AIIB through the AIIB’s website (How We Assist You - Project-Affected People’s Mechanism (aiib.org))

  • Richard Hu

    Managing Director

    Mr. Hu is Managing Director of the Overseas Infrastructure Fund Department, China Everbright Limited (CEL) and sits on the Investment Committee of Everbright Overseas Infrastructure Investment Fund LP. He possesses over 20 years’ of investment experience. He served as Assistant General Manager of the investment management department of China Everbright Group (Hong Kong), Investment Committee member of Citicorp Everbright China Fund.  He was responsible for managing China Everbright Group (Hong Kong) ‘s overseas investment assets between 1998 and 2006. Prior joining the Fund, Mr. Hu was the General Manager of the Strategic Investment Department of the China Travel International Investment (H.K.) Limited (CTII) and a deputy general manager of CTII’s subsidiary in China, responsible for CTII’s cross border investment, corporate strategy, performance management and corporate governance.
    Mr. Hu Holds a bachelor degree in Business Management in Guangzhou Zhongshan University and an MBA from Baylor University of US. He is a member of CFA and a member of ACCA.

  • Daniel Hu

    Managing Director

    Mr. Hu is Managing Director of the Overseas Infrastructure Fund Department, China Everbright Limited and sits on the Investment Committee of Everbright Overseas Infrastructure Investment Fund LP. He possesses more than 20 years’ experience in Corporate Finance and Direct Investment. Prior joining the fund Mr. Hu was an Executive Director from J.P. Morgan Asset Management Real Assets (Asia) Limited in charge of an Asian infrastructure fund’s investments in Greater China. He was a Director at Capital China Holdings Limited, responsible for investments in infrastructure and financial sectors in China. He was also a Director at Emerging Markets Partnership, managing AIG infrastructure funds’ investments in Greater China.

    Mr. Hu holds a Bachelor Degree in Economics from the University of Hong Kong and a Master Degree in Business Administration from the Chinese University of Hong Kong. Mr. Hu is a charter holder of CFA.

  • Kelvin Poon

    Executive Director

    Mr. Poon is Executive Director of the Overseas Infrastructure Fund Department, China Everbright Limited and sits on the Investment Committee of Everbright Overseas Infrastructure Investment Fund LP. He possesses more than 15 years’ of investment experience. Prior joining the fund he was a Senior Vice President at Macquarie Everbright Greater China Infrastructure Fund, responsible for Investment, Asset Management, Fund Raising and participated in the Investment Committee. He was also the IC Observer for Everbright Ashmore Real Estate USD Fund. In 2004, Mr. Poon joined Lehman Brothers and worked at the Tokyo and HK office of the Global Real Estate Department. Later, he served as Vice President in Nomura International, in charge of the underwriting business for the mezzanine syndication related to the infrastructure industry across Asia-Pacific region. Kelvin also worked for PricewaterhouseCoopers.

    Mr. Poon graduated from the Macquarie University, major in Finance and minor in Actuary. He is a charter holder of Australia CPA and HKICPA in 2001 and 2002 respectively. Mr. Poon also received a Diploma in Civil Law awarded by Tsinghua University and Hong Kong University in 2003.

  • James Cheng

    Investment Vice President

    Mr. Cheng is the Investment Vice President of the Overseas Infrastructure Fund Department, China Everbright Limited. He possesses more than 12 years’ experience in assessment of investments. Prior to joining the team, he worked in Singapore office of Platinum Equity, a leveraged buyout fund specializing in operational improvements of businesses, covering investment opportunities in Asia focusing on Greater China. Earlier in his career, Mr. Cheng advised potential corporate and institutional investors on investment opportunities during his spell in KPMG Hong Kong and New York, with his latest position as associate director in deal advisory team in Hong Kong.

    Mr. Cheng graduated from The Chinese University of Hong Kong majoring in Economics, and is a CPA in the US and Hong Kong, as well as a CFA charter holder.

  • Derek Chen

    Vice President

    Derek Chen possesses more than 8 years’ project investment and investment management experience. Prior to joining the team, he was the secretary for Management Decision Committee and Investment Decision Committee of China Everbright Limited. He also served China Everbright Environment as a senior investment manager responsible for environmental and new energy projects’ investment in China and Southeast Asia markets.

    Mr. Chen holds a Ph.D. Degree in Management from Renmin University of China. Besides, he was a visiting scholar of London School of Economics and Max Planck Society.

  • Yifan Xu

    Senior Associate

    Mr. Xu is Associate of the Overseas Infrastructure Fund Department, China Everbright Limited. Before joining Everbright, Mr. Xu was working in a family office based in Hong Kong, responsible for private equity and venture capital fund investments, direct investment in early-stage TMT companies as well as advising Asian institutions in acquiring overseas real assets.

    Mr. Xu graduated from the Chinese University of Hong Kong, major in Insurance, Financial and Actuarial Analysis, and is a charter holder of FRM.

  • Stella Ma

    Associate

    Stella Ma possesses more than 5 years’ experience in investment feasibility advisory and transaction services. Prior to joining the team, Stella worked with Deloitte Southeast Asia, specializing in real estate and infrastructure advisory. She also served as a member of Deloitte Chinese Service Group, providing services to Chinese clients across Southeast Asia including Malaysia, Singapore and Cambodia.

    Ms. Ma holds a Bachelor Degree in Business Economics from the University of Nottingham Ningbo China and MBA from the University of Hong Kong.

Overseas Infrastructure Fund

Tel (852) 2860 1105 / (852) 2860 1102
Fax (852) 2529 0177
Email Richard.Hu@everbright.com
Daniel.Hu@everbright.com
Address 40/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong