Hong Kong-Based Investment Bank Ion Pacific Raises $30 Million for New Fund
The fund is earmarked for investment in Israel and in Asia. Ion Pacific established a presence in Israeli earlier this year through local subsidiary IL Pacific
Meir Orbach | 15:47 26.11.2018
Hong Kong-based investment bank Ion Pacific Ltd. announced Monday it has raised $30 million for its debut structured secondaries fund. Earlier this year the bank established a presence in Israel earlier through a local subsidiary, IL Pacific.
For daily updates, subscribe to our newsletter by clicking here.Dubbed Stonecutter I, the fund will focus on secondary investment in technology, venture, and growth capital funds, as well as direct investment in portfolios of companies, Ion Pacific said in a statement. The fund is already 50% deployed, Ion Pacific said, with remaining funds earmarked for investments in Israel and Asia.
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