South China Morning Post
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Hong Kong governmentโs venture fund eyes bigger bankroll after double-digit return
The governmentโs investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. โMany overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,โ said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). โBut we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of...