Singapore PE firm Tembusu sets up $285m fund to back Chinese liquor firms

Singapore PE firm Tembusu sets up $285m fund to back Chinese liquor firms

Baijiu liquor in Zunyi, Guizhou Province, China. Photographer: Nelson Ching/Bloomberg

Singapore-based private equity firm Tembusu Partners has partnered with a government-linked company in southwestern China’s Guizhou province to launch a fund, which will invest up to 2 billion yuan ($285 million) in the country’s liquor industry.