Tembusu entered into an 80-20 joint venture with a Guizhou state-owned entity and is the first in the southwestern province to obtain the QFLP license.
SINGAPORE (Mar 21): Singapore-based private equity firm Tembusu Partners announced it will be launching several investment funds totalling about RMB 1.0 billion ($205.6 million) after securing the first Qualified Foreign Limited Partner (QFLP) status awarded to a foreign fund management firm in China’s Guizhou Province.
Meanwhile, the firm also announced that Lim Ming Yan, former CEO of Capitaland, will be appointed as chairman of its China Advisory Board as Tembusu seeks to increase its investments in China. This is a part of the central government’s efforts to liberalise the economy and promote innovation.
