MFB Invest, a unit of the state-owned Hungarian Development Bank (MFB), is setting up a joint investment fund with Chi Fu Investment Group.
According to MTI, the 200 million euro private equity fund will invest in mature, domestic SMEs.
Individual investments will range between 5 to 25 million euros over seven years, including a four-year investment period and a three-year exit period. Both investment groups will invest equally in the fund.
Chi Fu Investment Group has more than 30 years of experience in investment and fund management in the United States, China, Hong Kong and Taiwan. The group has been present in Hungary for four years and manages more than US$25 billion of assets worldwide. It has previously made private equity investments in renewables, healthcare, pharma, biotech, food and real estate sectors.