D&J Industrial Property China Investment Ltd., a business park and suburban office developer which is owned by Warburg Pincus through a majority stake, has launched a capital fund with AVIC Trust to invest in industrial infrastructures in China.

Co-founded by the Aviation Industry Corporation of China (AVIC) and OCBC Bank of Singapore, AVIC Trust is an investment and trust manager in China, with assets under management of over RMB430 billion (about US$62.18 billion).

With this partnership, the D&J Zhiyan Equity Investment Fund raises an initial equity capitalization of RMB10 billion (about US$1.45 billion), founded on a USD-RMB hybrid basis, which is said to be the first of its kind in China.

“In addition to helping tenants lower potential cost of land sourcing, infrastructure and facilities construction, the fund also seeks to provide integrated services in the areas of finance, data storage, consultancy, and R&D,” said the chairman of AVIC Trust, Yao Jiangtao.

The capital is dedicated to China’s industrial infrastructure landscape, where it will mainly be used to invest in modern integrated industrial parks in China’s major cities – backing projects which include business parks, production facilities, and R&D parks.

“Driven by a strong trend for an industrial upgrade, continued urbanization and rise of the knowledge economy, the fund will invest in quality assets and provide modern infrastructure services for corporates and manufacturers across the entire industry value chain,” said Sun Dongping, the co-founder and chairman of D&J China.

China’s D&J Industrial holding is the second real estate platform co-founded by Warburg Pincus and Sun Dongping, after the pair co-founded warehouse developer e-Shang in 2011.

Since its establishment, China D&J has completed two rounds of financing and currently has over 1.2 million square meters of operating and under development properties in Beijing, Shanghai, and other Chinese cities.

The company’s tenants portfolio include Shell, Abbott, and FMC, as well as high-tech knowledge economy companies – Asiainfo and iSoftStone.

D&J China targets to grow its assets to over 5 million square meters in the next three to five years, targeting to increase its total asset value to RMB45 billion by 2020.

By Vivian Foo, Unicorn Media

Singapore’s state investment fund – Temasek Holdings has become a limited partner in Oxford Sciences Innovation (OSI), which develops and commercialises intellectual properties from Oxford university.

Participating through the means of capital infusion, this is Temasek Holdings’ first investment in the UK-based university fund. The financial terms of the investment were undisclosed.

This is part of a larger £230 million (about US$ 289.9 million) financing round that was announced on December 9, which has boost OSI’s capital base to almost £600 million.

The investment round had both new and existing investors, including some of Asia’s leading technology corporations and sovereign wealth funds such as Singapore’s Temasek and Oman Investment Fund, which are among the new wave of investors.

“We are very excited to be working with new shareholders from across the world, notably from Asia and continental Europe, and also grateful to our original supporters, the 10 largest of which have participated in this funding round,” said the chairman of OSI, Peter Davies.

With the new funding round, OSI’s capital base which previously stood at £350m has now expanded to £580 million (about US$ 731 million), making it the largest private university fund in the United Kingdom.

“Raising this capital reflects our confidence in the breadth and quality of opportunity available to investors to help the University of Oxford develop a world-class commercial ecosystem around its unmatched intellectual capital and heritage,” Davies add.

Founded in 2015, the formation of Oxford Science Innovation (OSI) aims to maintain the university’s position as one of the world’s leading research institution, providing capital and scaling expertise to businesses that are driven by its in-house intellectual property.

To date, the fund has backed approximately 20 spin-out startups based on the technology from university’s labs. Among its track record of developed businesses include Oxford Nanoimaging, Vaccitech and Oxford Flow.

Temasek is reshaping its holdings and bracing for lower returns after in July reporting the first decline in its portfolio in seven years. The value of assets fell 9% to US$ 242 billion in the fiscal year ended March 31, according to the firm’s annual review.

Temasek Holdings Pte, Singapore’s state-owned investment fund, said it will focus on being an active investor as it increases holdings in overseas companies.

By Vivian Foo, Unicorn Media