Private equity house CLSA Capital Partners is building a war chest to invest in property in Japan, China and India next year, expecting cheaper deals, and will pour more money into firms it sees as recession-proof.
Mosquito coils, ceiling fans and light switches were the type of “things you can touch” that CLSA Capital sought out as it supplied venture capital for Asian manufacturers, and its chairman, Richard Pyvis, said he wanted more of the same.
But the firm has about $100 million to spend on property, freed up by divestments last year, and is looking to raise more money for a region-wide property investment strategy.
More : reuters.com
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