AGIC closes PE fund at $1b, seeks deals

Henry Cai's private equity fund is tapping Chinese and Asian demand for European small- and mid-caps with a technology focus and ambitions to expand into Asia, its MD says.

AGIC closes PE fund at $1b, seeks deals

Germany’s AGIC Capital has closed its first private equity fund at $1 billion, with most of that raised from institutions in Greater China, underlining the region's demand for European technology-related corporates.

AGIC, founded by veteran Asia dealmaker Henry Cai, could have raised the hard cap and brought in more capital, but it wanted get on with deploying the assets, said Wolfgang Seibold, partner and managing director. Besides Greater China, the fund received commitments...

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