SHK Fund Management under Sun Hung Kai & Co. Limited (SHK Company) plans to launch a PE fund sized between US$50M and US$100M to seek opportunities in Mainland China together with Chinese enterprises.

Christophe Lee, Administrative Principal of SHK Fund, said his company will expand Asia Hedge Fund department scale, and launch two or three hedge funds at the year-end of this year; Each fund will mange at least US$20M. Presently, SHK Fund is actively seeking Chinese partners to launch a local PE fund.

Hong Kong-based SHK Fund Management manages approximately US$900M, including one Asia Opportunities Private Equity Fund managing about US$100M and two hedge funds with US$150M under management.