Dongfeng Motor Group approves $90m commitment

The Wuhan-based automobile firm has backed a domestic private equity fund.

Institution: Dongfeng Motor Group
Headquarters: Wuhan, China
AUM: 272 billion yuan

Dongfeng Motor Group has confirmed a 597 million yuan ($91 million; €76 million) commitment to Dongfeng Bocom Yuanjing Motor Industry Equity Investment Fund. The fund is managed by BOCOM International and focuses on the automobile sectors in China.

As illustrated below, this is the first private equity fund investment for Dongfeng Motor Group.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.