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Eaton Client: Hosen Capital Global News Round-Up

China Money Network

Hosen Capital Completes Final Closing For $440M Third Agribusiness Fund
By Jillian Yue
March 6, 2017

Hosen Capital, a private equity firm backed by Chinese agribusiness conglomerate New Hope Group, has completed a final closing for its third fund with total capital commitments of US$440 million, the firm announced last Friday.

The new vehicle, which focuses on consumption driven opportunities in food and agribusiness in China, was oversubscribed and closed after eight months in the market with support from a diverse range of institutional investors from the U.S., Europe, the Middle East and Asia.

“With the closing of Fund III, we are very well positioned and appropriately resourced to continue to capitalize on fundamental mid-market opportunities in the global food and agribusiness value chain that are helping to drive consumption and growth in China, where today food represents almost a quarter of household expenditures,” said Alex Zhang, co-founder and managing partner of Hosen Capital.

In August 2016, China Money Network reported that the International Finance Corporation (IFC) committed up to US$30 million to Hosen’s third fund. According to Chinese media reports, limited partners in the new vehicle also include New Hope Group, JD.com Inc., Asia Alternatives and China Oceanwide Holdings Group Co., Ltd.

Some of the companies Hosen has invested in include Beijing-based online food ordering and delivering service provider Etaoshi, U.S. beef processor and retailer Ruprecht Company, and Australia’s fourth biggest beef processor Kilcoy Pastoral Company.

The firm also invested in a number of dairy companies including New Group’s own dairy unit, Chinese hotpot restaurant chain Haidilao, fast food chain Jiahe Yipin, seafood supply chain company Asia Sea, Chinese irrigation company Xinjiang Huili and agriculture big data company Beijing ACSM.

Hosen Capital was founded by Chris Wang and Alex Zhang, and is headquartered in Beijing with offices in Chengdu, Shanghai and Guangzhou. It has US$2.31 billion in assets under management currently.

Eaton Partners served as advisor and exclusive fund placement agent, and Clifford Chance acted as legal counsel to Hosen in the offering of Fund III.


WSJ Pro

Hosen Gathers $440 Million for Agribusiness Deals
By Chris Cumming
March 3, 2017

Beijing Hosen Investment Management, a Chinese firm that does business as Hosen Capital, said it wrapped up its third fund with investor commitments of $440 million.

The vehicle, Hosen Fund III, was oversubscribed and had investors from the U.S., Europe, Middle East and Asia, according to a news release.

Eaton Partners was the placement agent for the fund. Law firm Clifford Chance LLP acted as legal counsel.

Founded in 2010, Beijing-based Hosen targets food and agribusiness companies located in China or operating in the market. It has $2.31 billion in assets under management and is backed by New Hope Group, an agribusiness conglomerate in China.


FINAlternatives

Hosen Investment Management Raises $440M For Oversubscribed Third Fund
By Steven Lord
March 3, 2017

Chinese private equity company Beijing Hosen Investment Management has raised $440 million in capital commitments for its third consumption-focused fund. 

The new fund, named Hosen Fund III, was oversubscribed and closed after eight months in the market. It will concentrate on opportunities in food and agribusiness, the company said in a statement. Eaton Partners served as advisor and exclusive fund placement agent while Clifford Chance acted as legal counsel.

“With the closing of Fund III, we are very well positioned and appropriately resourced to continue to capitalize on fundamental mid-market opportunities in the global food and agribusiness value chain that are helping to drive consumption and growth in China, where today food represents almost a quarter of household expenditures,” said Alex Zhang, co-founder and managing partner of Hosen Capital.

Founded by Zhang and Chris Wang and headquartered in Beijing, Hosen has $2.31 billion in assets under management and focuses on investments in companies in the food and agribusiness-related companies that are either directly located in China or are directly involved in meeting demand on the Chinese market. 

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