- Fund name: Asia Food Brands Private Equity Joint Venture
- Amount raised: $275 million
- Target size: $500 million
- Stage of fundraising: First close
- First close date: April 2020
Investcorp has held a first close on Asia Food Brands Private Equity Joint Venture on $275 million. The vehicle is a joint venture with food distributor China Resources and Fung Strategic Holdings Limited, part of Fung Investments. It will target the branded condiments, packaged foods and healthy snacks sectors in Asia.