Corporate digest

ICH Gemini

BOUTIQUE fund manager ICH Gemini has launched a private equity fund in Singapore with at least US$110 million in capital to invest in mid-sized companies at growing or mezzanine stages. ICH Gemini's anchor sponsor and director Ren Yuanlin, who is also chairman of mainboard-listed Yangzijiang Shipbuilding Holdings, has committed US$100 million to the fund. The remaining US$10 million are from the fund manager's other two major sponsors - Vincent Toe Teow Heng, chief executive of ICH Gemini's parent ICH, and Xu Fan, a director at ICH. ICH Gemini's investments will range between US$3 million and US$10 million for growth-stage companies and between US$5 and US$15 million for more mature companies seeking later-stage funding.

Deutsche Boerse