Joe Chan's Galaxy Asset Management is set to launch a Greater China-invested special situations and event-driven portfolio.
The Galaxy China Special Situations Fund will adopt an activist approach as a hybrid of a private equity portfolio and a more active listed equities fund.
Up to 60% of the fund will be invested on an event-driven basis, including PIPE opportunities (private investments in public equity) in companies that are involved in restructuring, mergers and acquisitions, asset disposal and changes in government policy.
Up to 30% will be invested in pre-IPO or unlisted investments. The balance of the portfolio will be