Hong Kong-Based Investment Bank Ion Pacific Raises $30 Million for New Fund

The fund is earmarked for investment in Israel and in Asia. Ion Pacific established a presence in Israeli earlier this year through local subsidiary IL Pacific

Meir Orbach 15:4726.11.18
Hong Kong-based investment bank Ion Pacific Ltd. announced Monday it has raised $30 million for its debut structured secondaries fund. Earlier this year the bank established a presence in Israel earlier through a local subsidiary, IL Pacific.


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Dubbed Stonecutter I, the fund will focus on secondary investment in technology, venture, and growth capital funds, as well as direct investment in portfolios of companies, Ion Pacific said in a statement. The fund is already 50% deployed, Ion Pacific said, with remaining funds earmarked for investments in Israel and Asia.


Eran Zack, head of Ion Pacific’s activity in Israel. Photo: PR Eran Zack, head of Ion Pacific’s activity in Israel. Photo: PR
Headquartered in Hong Kong with offices in London, Dallas, and Tel Aviv, Ion Pacific was founded in 2015 by Michael Joseph and Israeli-born Itamar Har-Even. Ion Pacific’s investment in Israel totaled $45 million to date, the company said.
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