Gateway fund listing

Gateway sets terms for $200 million Hong Kong offering

EIG-linked Gateway is seeking to double its NAV by raising fresh capital primarily from private banking clients and high-net-worth individuals and is set to become the first managed fund to list in Hong Kong.
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EIG invests across the entire energy value chain and has deployed more than $9.6 billion under management
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<div style="text-align: left;"> EIG invests across the entire energy value chain and has deployed more than $9.6 billion under management </div>

Gateway Energy and Resource Holdings has set the terms for its initial offering at a level that will allow it to raise at least HK$1.52 billion to HK$1.56 billion $196 million to $201 million, according to sources. It will be the first managed fund to list in Hong Kong and, unlike most IPOs in the city, it won’t have a retail portion.

Gateway, which has already been on the road for a week, is a feeder fund that is operated by the same people who run US-based EIG Global Energy Partners, one of the leading institutional investors in energy and resources globally. The fund is...

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