Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies to expand into region
[HAIKOU] Geopolitical tensions are driving healthcare companies from China to hunt for new markets to expand into. And more are now headed south – into South-east Asia’s emerging markets.
To capture a slice of this rising trend, Beijing-based healthcare private equity firm GL Capital Group is aiming to start a fund for Chinese companies setting up operations in South-east Asia.
“We think we could use capital (from the fund) to help these businesses to expand globally… as well as (share) the knowledge, the connections we have with the local regulators and businesses,” said the firm’s partner Wang Yifei.
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