Rothschild in China deal

JACOB Rothschild’s RIT Capital yesterday launched an international private equity fund for private Chinese investors, the first of its kind.

The fund, which is a joint venture with the Creat Group and Quercus Ventures, will aim to bring $750m (£467m) of Chinese cash under management for investment in “a wide range of sectors where the West has particular expertise”, including clean tech, healthcare, natural resources and luxury goods.

Rothschild’s RIT will be providing some of the seeding capital for this latest venture, which comes six months after he struck a deal with Rupert Murdoch to develop shale oil deposits in the Judea hills of Israel.