Alternatives manager HQ Capital has formed a joint venture with the Chinese investment firm Yuanju Capital Management to establish a wealth management platform.
The new platform, based and regulated in China, will provide the country’s fast growing wealth and asset management markets a range of RMB-denominated direct investments and pooled product offerings, including private equity, venture capital and mutual funds, as well as and the distribution of appropriate international investment products.
Yuanju was co-founded by the Chinese state-owned asset manager Everbright Financial Holding Asset Management in 2017, a wholly owned subsidiary of China Everbright Group, and PE/VC-specialized Chinese wealth manager Prosnav Capital Management.
The strategic cooperation between Yuanju and HQC combines resources, expertise, experience, international best practices in governance and operations of China Everbright Group, Prosnav and HQC. By exploiting their global networks and generating synergies between China and overseas markets, particularly with Germany, Yuanju and HQC will be better able to offer their clients unique and attractive investment opportunities.
Georg Wunderlin, CEO of HQ Capital, commented: “The joint venture with Yuanju marks yet another milestone in the development of our business in the region. We look forward to applying our group’s unique background and extensive experience of managing private equity assets for private individuals and family offices to wealth management in China. On top of that, we are confident that our strong German roots and network will be attractive to Chinese investors pursuing opportunities in Germany and worldwide.”