Permavest Closes $63 Million Private Equity Funding

North Point, Hong Kong S.A.R., April 05, 2008 --( Permavest Investment ( announces today that the final closing of a private equity fund-of-funds with a total of $63 million in capital commitments. Raised from high net worth clients spanning the Asia Pacific region, the private equity fund was created to provide clients access to leading leveraged buyout and venture capital partnerships in major Chinese markets.

"The Asia Pacific region is a growing focus of our investment banking and capital markets efforts," said Richard Lai, co-head of investment banking. "The success of our private equity fund-of-funds is further evidence of our ability to meet the needs of our clients and gain their trust. Our main focus is on portfolio diversification, investment transparency, liquidity and the potential for consistently strong returns with significantly less risk when compared to a single private equity partnership.”

The successful closure is expected to set the stage for a smooth launch the next round of innovative funding due to be announced in the 2nd quarter. The soon to be launched fund will take advantage of leading edge research across multiple markets.

“It has become evident that funds should not rely on bonds and equities alone to deliver consistent returns in order to meet the long term promise to members,” said Alan Siu Fai, fund manager, “while simultaneously reducing the burden on the sponsor. Adding commodities and hedging on forex movements is especially effective at diversifying a fund’s investments and counterbalancing equity volatility, but potentially capturing high returns.”

Permavest Investment is a Hong Kong based private equity fund manager and non-bank affiliate of Amerex Investment (H.K.) Co. Ltd. Permavest focuses on, develops and manages unique and proprietary investment products that complement core individual portfolios. These products include international listed Private Equity in both active & passive approaches.

Amerex Investment (H.K.) Co. Ltd. is a leading provider of customized intuitional financial services for in Hong Kong and for the Asia Pacific region.

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For More Information Contact:
Michelle Yang
+852 8175 8313

Permavest Investment
Michelle Yang
+852 8175 8313