Summit Bridge to manage $100m China-Ireland Fund

Summit Bridge Capital, a joint venture between Atlantic and WestSummit, will manage the vehicle.

The fund target is thought to stand at $300m.

Investments
The vehicle will back technology companies with a presence in Ireland that have a strategic interest in China, and Chinese technology companies with an interest in Ireland as a step into European markets.

Minority stakes will be sought over the next 3-5 years.

Investors
The fund has received capital commitments from China Investment Corporation, China's sovereign wealth fund, and the National Pensions Reserve Fund, Ireland's social welfare and public service pensions plan.

People
Raymond Yang is managing partner of WestSummit. Elaine Coughlan is co-founder and general partner at Atlantic Bridge. 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Venture
• Ireland