Reuters, 24 Mar 2009, George Chen
HONG KONG (Reuters) - Private equity firm FountainVest, backed by Singapore state investor Temasek, will focus on Chinese consumer demand, urbanization and sustainable development as it puts its first $1 billion fund to work.
FountainVest will look to take minority stakes in privately held firms that will benefit from Beijing's moves to boost domestic consumption, Chief Executive Frank Tang told the Reuters Private Equity and Hedge Funds Summit.
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