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Shanghai Dazhong Public Utilities (Group) Co approves $72m commitment

The Shanghai-based corporate firm has backed a China-focused private equity fund.

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Institution: Shanghai Dazhong Public Utilities (Group) Co
Headquarters: Shanghai, China
AUM: 22.35 billion yuan

Shanghai Dazhong Public Utilities (Group) Co has agreed to commit 500 million yuan ($72.4 million; €61.3 million) to Tianjin Minpu Houde Equity Investment Fund. The private equity vehicle is managed by Houpu Private Equity Investment and will target equity investments in China.

As illustrated below, Shanghai Dazhong Public Utilities (Group) Co’s recent private equity commitments have centred around funds with an Asia-Pacific focus.

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