Barings has launched its first onshore private fund in China. The Barings China A-share Private Securities Investment Fund No.1 was registered with the Asset Management Association of China (AMAC) to be distributed to qualified investors in the country.

“Barings’ first China Fund is an important milestone in our long-term commitment in China,” says Tom Finke, Barings Chairman and CEO. “This fund leverages our knowledge and expertise to serve local investors and provide them with our onshore Chinese investment capabilities.”

The fund primarily invests in companies established or operating within China and is managed by Nathan Jiang, investment manager of China A-Share Equities of Barings.

Consistent with the firm’s Growth-at-a-Reasonable-Price (GARP) investment philosophy across the global equity platform, the fund strategy will focus on individual companies’ fundamentals and long-term earnings profiles. 

Barings established its Shanghai-based Investment Management Wholly Foreign-Owned Enterprise (WFOE) in August 2018 and launched its first Qualified Domestic Limited Partnership (QDLP) product in January 2019. Barings successfully registered as a Private Fund Manager (PFM) WFOE on June 20 this year, and the firm opened its new Shanghai office in October to build its local-to-local business.