OREANDA-NEWS. May 11, 2012. BASF Venture Capital GmbH has participated with USD 5 million in the China Environment Fund (CEF) IV, L.P. Other investors include key development financial institutions, renowned family offices, strategic multinational corporations, and Fortune 500 companies. The China Environment Fund is a series of four funds and managed by Tsing Capital.

“China has a large number of highly innovative and sustainable technology companies of great strategic importance for BASF. Our participation in CEF IV enables us to set up joint activities with these companies in China. We also gain better access to technology areas of future potential and innovative chemical system solutions in the field of new materials,” said Johnnie Yuen, Regional Head at BASF Venture Capital in Asia Pacific. CEF has already demonstrated its performance track record in its three existing funds. “The performance to date and the outstanding fund management were further reasons for us to participate in CEF IV,” added Yuen.