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Jul. 27, 2016 Food & Beverage reports: Beijing-based investment management company Tsing Capital plans to establish a $1 billion fund for specialist food and agriculture investment in Australia. The Australian reports that the fund will invest in high tech fermentation and extraction of grains, cane and vegetables, with the intention on supplying the market for health foods and dietary supplements in mainland China. The plan is to invest in the entire supply chain, from paddock to consumer, and therefore will include establishing processing factories in Victoria's Wimmera region. As the Weekly Times reports, Tsing Capital founder and managing partner Don Ye (pictured right) and Australian Charles Hunting (left) plan to raise between $500 million to $1 billion in capital, with the possibility of increasing that amount to $2 billion through loans. According to Hunting, the investment is being driven by Chinese demand. "We're not creating the food products for the sake of hopefully getting that food into the Chinese market," he said. "The plan is to bring strategic Chinese investors who have distribution networks in China so that we can create an end-to-end opportunity that is demand driven, not supply driven." The end products for export to China are likely to include high-protein health supplements, tonics, pills and sports drinks, as well as vitamins and nutraceuticals. Tweet |
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