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> From: Eric Schwerin <eschwerin@rosemontseneca.com>
> Date: July 9, 2014 at 10:34:36 PM EDT
> To: Devon Archer <darcher@rosemontseneca.com>, Michael Leonard <mleonard@thorntonai.com>, Sebastian Momtazi <smomtazi@rosemontcapital.com>, Jim Bulger <jbulger@thorntonai.com>
> Subject: Bohai, Harvest and U.S. Investment Firms Expand Target for Outbound Fund - WSJ
>
> Great job team - article turned out to be absolutely fine. No mention of principals.
>
> http://m.us.wsj.com/articles/bohai-harvest-and-u-s-investment-firms-expand-target-for-outbound-fund-1404956572?mobile=y
>
> Bohai, Harvest and U.S. Investment Firms Expand Target for Outbound Fund
>
> SHANGHAI—A consortium of foreign and Chinese private-equity firms, including the country's oldest private-equity manager, is raising a fund of around $1.5 billion to invest abroad, with the Chinese yuan-denominated portion of the fund to be converted to U.S. dollars through Shanghai's Free Trade Zone.
>
> The fund—launched by Chinese asset managers Bohai Industrial Investment Fund Management Co. and Harvest Fund Management Co. Ltd., alongside U.S. investment and advisory firms Rosemont Seneca Partners and Thornton Group LLC—started fundraising in the second quarter. The fund increased its target from an original $1 billion given the positive response from investors, according to a spokesman at Bank of China International Holdings Ltd., one of the largest stakeholders in Bohai.
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> Fundraising should wrap up by the end of this year, according to the spokesman and Lindsay Wright, co-chief executive officer of Harvest Capital Management Co., the subsidiary under Harvest that will hold a direct stake in the joint fund.
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> Both declined to comment on how much has been raised so far. Rosemont confirmed the expansion of the fund. Thornton didn't respond to requests for comment.
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> The fundraising follows the registration of management firm Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. Ltd., in Shanghai's Free Trade Zone last December. The firm, branded under the English acronyms for the owners—BHR Partners—originally set out to raise 3 billion yuan in the Chinese currency and $500 million in U.S. dollars, according to its website.
>
> Write to Chao Deng at Chao.Deng@wsj.com
>
>
>
> Eric D. Schwerin
> eschwerin@rosemontseneca.com
>
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