ARC China, a Shanghai subsidiary of Hong Kong-based investment firm ARC China Holdings, has opened a new regional office in Dalian, China.
ARC China, founded by Adam Roseman, is focused on investing in China’s domestic consumption-oriented high-growth enterprises in developing Tier II and III cities. Dalian is considered to be a financial center of Northeast China and has a registered population of over six million people.
According to ARC China, the strategic location will allow its team to better offer on-the-ground operational support for its Liaoning Huayuankou Investment Fund, a private equity fund established earlier this year through a joint investment with the Westly Group totaling up to RMB1bn and the first private equity fund in Dalian in partnership with the local government.
The Westly Group is a private equity firm located in Menlo Park, California and led by former California State Controller and eBay executive Steve Westly, and 30-year investment banking and venture capital veteran Mike Dorsey.
Mr Roseman said: “As part of our ongoing expansion, ARC China is pleased to open its newest office in Dalian. The addition of this office will be extremely beneficial in allowing us to offer day-to-day support for the Fund as well as grow our operations in one of China’s premier financial centers.”