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Formation of Prosperity Risk Balanced Fund LP

RECAS Global Limited ( together with BRIC Neutron Asset Management Limited ( has set up Prosperity Risk Balanced Fund LP, a Cayman Island Exempted Limited Partnership in September 2015, which is a private equity real estate fund investing into residential development projects in first tier cities of mainland China with an initial US$60 million already subscribed for a targeted US$250 million maximum fund size at final closing.   

Prosperity will be managed by a joint venture fund management company Prosperity Risk Balanced GP Limited which is a Cayman Island General Partnership 60% held by RECAS and 40% held by BRIC.  The Fund Administrator is UBS Fund Services Cayman.  The fund will have a life of 7+1+1 years.  The investment and divestment decisions will be made by the Fund Investment Committee.

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