AGIC Capital collects $1bn

AGIC has closed its debut Europe-focused fund at $1 billion.

Asia Germany Industrial Promotion Capital (AGIC) has hit its fundraising target and held a final close for its debut fund on $1 billion.

AGIC Fund I, launched in March 2015, targets small- and mid-cap companies in the high-end technology industry across Europe, including Germany, Austria, Switzerland, Italy, France and Nordics.

China Investment Corporation is one of the investors in the fund.