DNE, a new economy infrastructure investor, developer and operator in China, has set up a new fund in partnership with a number of top Chinese institutional investors.
The fund will pursue investment opportunities in high-quality new economy infrastructure assets located in key economic hubs in China, with a total investment of RMB 6 billion ($870 million).
The seed assets and pipeline assets of the fund are distributed across the Yangtze River Delta, the Beijing-Tianjin-Hebei region and other key city-clusters, supporting the development of new-economy enterprises in various sectors, including local retail, ecommerce, manufacturing, cold chain and logistics.
The fund is one of the largest renminbi funds set up by DNE after the group was formed through the merger of D&J China and New Ease China. DNE will act as both the fund manager and the asset manager of the new vehicle.
“We are pleased to work with leading professional investors in China in a pa