AGF and Syncapital set up $1 billion JV Fund to invest in venture capital, M&A, and mezzanine debt.

AGF chairman, Mr. Choufani, and Syncapital chairman, Dr. Li Wanshou. set up $1 billion 'Sinnovation' joint venture Fund to invest in companies outside of China by identifying synergy creation opportunities for Chinese companies' overseas expansion across different geographies and sectors and to replicate excellent DNAs beyond borders.