Oct. 11, 2010
On October 12, 2010, Burrill & Company and the Infinity Group announced the establishment of a joint venture to pursue investment opportunities in Chinese life science companies. Burrill, a San Francisco VC/PE firm, will set up an office in Hong Kong. Infinity, a JV collaboration between the Israeli conglomerate IDB and China Development Bank, already has offices in China and Hong Kong. The size of the fund was not disclosed.