AIIA to launch US$15bn Belt and Road fund

The Asia Institutional Investors Alliance (AIIA), a consortium of private and institutional investors led by China Minsheng Investment Group (CMIG), is launching a Silk Road mega fund to invest in new enterprises generated in the Belt and Road initiative, reports the South China Morning Post.

The AIIA, founded in 2016 in cooperation with global investment banks UBS, Citi and JP Morgan, is targeting growth markets such as healthcare, FinTech and other emerging industries with its new investment fund, according to Calvin Choi, President of CMIG Hong Kong.

The first round of fundraising is currently underway. Fund partners include Shandong’s Zhongtai International Capital, Hong Kong based private equity firm BlackPine, property group Sun Hung Kai, AMTD Group, Japanese conglomerate Orix Group, South Korea’s Mirae Asset Financial Group and Indochina Capital, together with Asian family offices and private investors.

“The establishment of the fund will further the cooperation and exchange among AIIA members, and then bring about an ‘Asian force’ into the international capital market,” according to an official AIIA statement.