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Akbar Habib

 Bahrain Middle East Bank and partners to launch a $50 million China fund

bmb-orion.jpgOrion Partners, a Hong Kong-based alternative asset management firm announced that it has entered into a partnership with Bahrain Middle East Bank, a Gulf-based investment bank, to act as its sponsor for its new China-focused private equity fund.

The fund aims to target investors from the Gulf Cooperation Council countries. According to the firm, less than 12% of GCC foreign assets are in Asia, and even lesser in China.

Bahrain Middle East Bank is listed in the Middle East Investors Directory with the code BFD58.

More details follows

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