SMC Capital China

An employee is seen at Ushi Office in ShanghaiIn acountry wherebeing connected is seen as crucial, Ushi, China's answer to LinkedIn, expects explosive growth over the next few years in the world's largest Internet market.The professional-social networking site plans to have 10 million users in two years fromthe current 300,000, and aims to raise $5 million by the end of June, Dominic Penaloza, Ushi's chief executive, told Reuters in an interview ..

China is transforming from being, the world factory to the world’s financial centerChina’s equity investment scene is undergoing dramatic transformation. RMB-denominated funds are getting more attention than their USD peers. More and more funds are targeting domestic listing, surpassing the interests in overseas listing. Even during the financial crisis, the number of IPOs in China was double that in the United States; the amount of capital raise..

Local RMB funds such as Shenzhen Capital Group (“SCG”) and Jiuding operating nationwide coverage strategies with hundreds of investment professionals, and portfolio exits in the past few years have shown this strategy has paid off. This has made some foreign PE/VCs rethink its operating style of having a small office with small team”; today, “Government resources + Local partners + Local team” appears to be the key principle to operating RMB deno..

SMG expands in mainland China, focusing on tier 2/3 citiesAs private equity investment continues to gain attention in mainland China, more foreign PE/VC firms are turning their focus on the Chinese market. Recently, Simon Murray Group’s (“SMG”) chairman Simon Murray and the group’s executive team announced to the media that SMC Capital China (“SMC3”), the group’s platform in China, has established three JV RMB-denominated funds. It will quickly e..

Simon Murray is an international financier and business leader with more than four decades of experience in Asia. He serves or previously served on the boards of, and a held advisory position of many MNCs. Mr. Murray was previously managing director of Hutchison Whampoa for as long as nine years. Now this 71-year old British native has turned his focus on mainland China.Simon Murray appeared in Shanghai several days ago, representing SMC Capita..

SMC Capital China (“SMC3”), a leading China-focused growth capital private equity firm today announces its “Vision 8|8” nationwide expansion plan and six new investments exceeding RMB350 million in total commitments.SMC3 is part of Hong Kong based Simon Murray Group (“SMG”), one of Asia’s longest running and most established alternative asset management firms with over USD1.5 billion assets under management in Asia and China.   Mr. Simon Murra..

Yesterday, SMC Capital Dalian Huayuankou office held its opening ceremony at 2 Zhong Shan Square. Dalian Huayuankou SMC Ventures Enterprise is the first foreign investment enterprise in Liaoning provinceSMC Capital China (“SMC3”), one of China’s leading growth capital private equity firms, and part of Simon Murray Group (“SMG”). SMC3 established Dalian Huayuankou SMC Venture Enterprise with Huayuankou Economic Zone. SMC3 completed signing, re..

Goldman's 1st yuan PF fund in Beijing.Goldman Sachs set up its first yuan-denominated private-equity fund in Beijing yesterday, signaling the United States investment bank's long-term commitment to China, according to a source familiar with the deal.The 5 billion yuan (US$769 million) fund will mainly invest in restructuring projects of state-owned companies and firms in emerging industries in cities on the Chinese mainland, the source told Sha..

On May 10th, 2011， SMC Capital China (“SMC3”) officially opened its Dalian office. SMC3’sDalian Huayuankou SMC fund is the first Joint Venture RMB-denominated private equity fund in Liaoning province, with a total fund size of RMB 600m. Dalian Executive Vice Mayor Xiao Shengfeng and Director of Huayuankou Economonic Zone Management Committee, Dong Chengfa were guests-of-honor at the opening ceremony.