BEIJING-Locally based Harvest Fund Management, China’s second largest fund manager at approximately $37 billion in assets under management, is launching a joint venture with Grosvenor Fund Management. The newly launched Harvest Real Estate Investments is intended to help both domestic and international investors locate real estate opportunities across the major sectors within 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 into the business through its alternative investments arm, Harvest Alternative Investment Group. GFM is the asset management arm of UK-based Grosvenor, and has been active in Asia for the past 20 years.

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