The Consumption Fund (formerly known as the RMB Mezzanine Fund), focuses on more concentrated and deeply involved equity investments and seeks optimal returns under controlled overall risks. The team has relevant and complementary skills and experience in private equity, investment banking, risk management, accounting and auditing, and asset management, with solid background in equity investment strategies.
China Everbright Limited is a cornerstone investor of the Consumption Fund. Endorsed by the Everbright brand, supported by its diversified channels, business resources, and social connections, and empowered by the in-depth understanding about selected industries, the Consumption Fund has cooperated with leading companies in relevant segments and the world’s top tier investment institutions.
The Consumption Fund focuses on food and beverage industries that have rigid demands. The fund values leading companies with large size, long life expectancy, potential for high growth, engagement in low-concentrated industry, and lucrative profits, as well as well-respected entrepreneurs. The fund achieves optimal returns by strict risk management, flexible strategies, and active post-investment engagement.
As of September 2021, the team has raised and managed three main funds and three special funds and has invested in 18 projects. The accumulated investment totaled around RMB 6 billion with no loss recorded. For Fund I, all 6 investment projects have completed exits. For Fund II, 1 investment project has completed exit, 2 investment projects have completed IPO, and 1 investment project is in process of IPO filing. Phase II has fast-paced exit process and optimistic returns. For Fund III, the target size is RMB 3 billion and the first round fund raising has closed. For Fund III, 5 investments have been made, 1 of which is in process of IPO filing, and several reserve projects are expected to be engaged.
- Leading private higher education group in China, ranking first in the Midwest and second in the country
- Equity investment plus repurchase guarantees, as well as partial debt financing
- As the only external institutional investor before listing, deeply participate in corporate strategic restructuring, corporate governance and Hong Kong listing preparation
- Listed in Hong Kong in August 2018
- Leading pig breeding enterprise in the west, cooperated with Alibaba Cloud to develop artificial intelligence breeding in China and achieved remarkable results.
- Equity investment plus repurchase guarantee
- As its sole external institutional investor, deeply participate in corporate governance, strategic planning and listing preparation, etc.
- Plan to list in China
Ben has rich experiences in banking and investment sectors for nearly 30 years with solid experiences in equity investment, debt financing, and risk management. He has worked for several large Chinese and foreign financial institutions in Canada, Hong Kong, Beijing, and Shenzhen. Before joining Everbright Limited in 2013, Ben was the Chief Representative of the Beijing Representative Office and Head of China Strategic Development at Scotiabank, and led direct investment projects in China. Ben holds a Bachelor's degree in International Finance from Renmin University of China, a Master's degree in Economics from The University of British Columbia, Canada, a Master's degree in Business Administration from University of Western Ontario, Canada, and holds lawyer's certificate of the People's Republic of China.
Haining has over ten years of experience in insurance fund investment and equity investment. Before joining Everbright Limited in 2020, he was the head of the equity fund investment department of New China Life Insurance Company and the deputy director of CITIC Prudential Insurance Asset Management Center, with rich experiences in equity investment, non-standard financial products investment and real estate investment. Haining holds a master's degree in finance from the School of Economics of Peking University and a bachelor's degree in business management from the Guanghua School of Management of Peking University.
Coral has rich experiences in fund investment as well as domestic and overseas corporate restructuring. Before joining Everbright Limited in 2012, Coral worked for Mingly China Growth Fund and Deloitte Consulting (Shanghai) Company. Coral holds a bachelor's degree from Fudan University and is a Certified Public Accountant.
Matthew joined the team in 2021. He worked for the research institute of Everbright Securities, Qiaqia Food Group, and the strategic investment department of Huabao International Group, and is experienced in industrial integration and strategic investment. He has more than 10 years of investment research experience in the consumer sector. Matthew holds a master's degree from University of Science and Technology of China.
Vivian has worked for Ernst & young and other top 500 foreign-funded enterprises. She has rich experience in comprehensive financial management, internal control and merger and acquisition integration at the group and company level. Vivian holds double bachelor's degrees in finance and accounting from Zhongnan University of economics and law, and is a senior member of global Chartered Management Accountant (CGMA).
Mr. Pang worked in Guotai Junan Securities Co., Ltd. and has extensive experience in the company's domestic A-share listing, refinancing, mergers and acquisitions. Mr. Pang holds a Bachelor in Economics and Mathematics from the University of Chicago and is a Chartered Financial Analyst (CFA).
Will worked at PwC and joined Everbright Limited in 2021. Will holds a Master's degree in Accountancy from University of Rochester.
RMB Mezzanine Fund
|Tel||(021) 2089 0901|
|Fax||(021) 2089 0999|
|Address||25/F, 21st Century Tower, 210 Century Avenue, Pudong New Area, Shanghai, China|