Partnerships Target China Market in 'Transformation'

BEIJING—Locally based Harvest Fund Management, China's second largest fund manager at about $37 billion in assets under management, is launching a JV with Grosvenor Fund Management. The newly launched Harvest Real Estate Investments is intended to help domestic and international investors locate real estate opportunities across the major sectors in Greater China.

In a statement, Harvest Group CEO Henry Zhao says the new venture is “an integral part of the Harvest Group's continued expansion into the alternatives sector and global capital markets.” HFM will invest in the business through its alternative investments arm, Harvest Alternative Investment Group. GFM is the asset management arm of UK-based Grosvenor.