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Isola Appointed as a Co-investment Partner to Hong Kong Government Innovation and Technology Venture Fund

Hong Kong, January 7, 2021 – Isola Capital Asset Management Limited, a Hong Kong Securities and Futures Commission licensed asset manager across private equity, venture capital and liquid secondary strategies, announced today that, Isola Partners IPVF VII (“IPVF VII”) has been selected as one of the Co-investment Partners of the Innovation and Technology Venture Fund (“ITVF”). Isola Private Equity Venture Capital Fund VII LP (“IPEVCF VII”), a fund managed by IPVF VII, intends to invest in local innovation and technology start-ups in conjunction with the ITVF.

 

Based in Hong Kong with a team of highly experienced and multi-disciplined investment professionals, Isola seeks to further enhance Hong Kong’s international reputation and profile in the innovation and technology sectors and related investments through this co-investment partnership with the ITVF. Isola  intends to contribute its significant investment experience and capital, as well as extensive local and regional relationship networks to support the capital needs of local innovation and technology focused ventures, and for the further development of Hong Kong’s technology investment ecosystem.

 

Anthony Chan, CEO of Isola, commented: "Isola is honoured to become a co-investment partner of the ITVF, as Isola has been a long-term advocate and supporter  of numerous technology and investment initiatives, which are designed to position Hong Kong as a leading international hub for technology innovation and investment. Isola has an established history of harnessing our venture capital and growth capital investment expertise to support technology focused businesses, as well as generate attractive investment return for our investors."

 

"Notwithstanding the current and prolonged COVID-19 pandemic-related economic and social disruptions, which have severely impacted the local economy and many local start-ups, we also see this as an opportunity for some Hong Kong venture firms to lead and become technology innovators by replacing and disrupting traditional industries. We are also looking forward to a long and fruitful investment partnership with the ITVF to elevate Hong Kong’s standing internationally in the innovation and technology sectors and related investments." David Zhang, Managing Director at Isola added.

About Isola Capital Asset Management Limited

Isola Capital Asset Management Limited, headquartered in Hong Kong, is a subsidiary of Isola Wealth Limited and an affiliate of Isola Capital Group. Isola is registered with the Hong Kong Securities and Futures Commission and is licensed to conduct Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities in Hong Kong. Isola is an institutional grade platform that provides a range of proprietary investment strategies across private equity, venture capital and liquid secondary markets. For more information, please visit: www.isola-capital.com

 

About Innovation and Technology Venture Fund

The ITVF is a HK$2 billion fund established by the Government of the Hong Kong Special Administrative Region to encourage venture capital investments in innovation and technology start-ups, thereby creating a more vibrant I&T ecosystem in Hong Kong. Co-investment partners of the ITVF are responsible for identifying investment targets, conducting due diligence and making investment proposals to the ITVF. For more information, please visit: www.itf.gov.hk/l-eng/ITVF.asp

 

Contact

investorrelations@isola-capital.com

 

SOURCE Isola Capital Asset Management Limited