IFC eyes $20m commitment to Hosen Capital’s New Hope Agriculture and Food Fund II


The International Finance Corporation (IFC) is looking to commit as much as $20m to Chinese private equity firm Hosen Capital’s New Hope Agriculture and Food Fund II.

The fund launched in June 2012 with a target of $180m. It will make equity investments within the agriculture and food sector in China.

The fund is backed by Chinese livestock feed company New Hope Group. According to AVCJ, New Hope announced plans for a $200m fund last year, with LPs including Temasek, Mitsui & Co and Archer-Daniels-Midland.

Beijing-based Hosen Capital was founded in March, 2010. It is one of the first four private equity management institutions registered in National Development and Reform Commission pursuant to new equity investment regulations.

It currently manages three funds, including its $162m New Hope Investment Fund I, which is backed by New Hope Group, Delong Iron and Steel Group and Huaxi Hope Group; New Hope Investment Fund II; and Hosen Emerging Industry Fund backed by individuals from the Guangdong Hi-tech Chamber of Commerce and Shenzhen Private Entrepreneurs Association.

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