The fund is domiciled in Luxembourg and open to institutional and qualified investors.
The aim of the fund is to create a concentrated portfolio of between 10 and 20 different listed companies with a market capitalisation of above $500 million (€505.2 million).
The fund will operate across all sectors and invest in securities East Capital considers to be undervalued.
East Capital said it would be an active manager in the fund’s portfolio investments, through board member nominations and shareholder actions in order to protect minority rights and improve corporate governance standards when required.
East Capital Explorer AB, a entity listed in Sweden, has committed to invest €15 million in the first closing of the fund.
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