PRE Management China

Chairman Pål Raaum co-founded the firm in 2006 and oversees strategy from Oslo. On-the-ground fund selection and due diligence in China are led by Senior Advisor Dr. Ernst von Fischer, a Mandarin speaker based in Beijing who formerly worked at Sal. Oppenheim Private Equity Partners and VCM (per firm website).

Sourcing relies on relationships cultivated since 2006 with a network of Chinese and Asian private-equity managers, institutional investors, and venture-capital networks. Dr. Ernst von Fischer’s permanent Beijing presence gives the firm a local screening capability that supplements the Oslo team’s longstanding contacts (per firm website).

PREM China operates exclusively as a fund-of-funds manager, committing capital to primary private-equity funds and acquiring secondary fund interests. The firm’s public materials make no reference to direct co-investments alongside its underlying general partners.

The three fund-of-fund vehicles are designed specifically for Nordic investors. The firm’s stated goal is to provide Norwegian and other Nordic institutions and family offices with diversified, tax-optimized access to Asian private equity (per firm website).

The three fund-of-funds have a combined market value above $150 million and contain over 70 underlying portfolio investments. The preferred investment theme blends large buyout funds with smaller niche vehicles, and target sectors include consumer products, advanced manufacturing, green tech, healthcare, and IT (per firm website).