Cosmetics brand Marubi is partnering Jinding on a fund that will invest in beauty brands and supply chain-focused companies.
Cosmetics manufacturer Guangdong Marubi Biotechnology has formed a RMB1bn ($142m) industrial fund with industrial investment management firm Jinding Capital, DealStreetAsia has reported, citing a stock exchange filing.
Jinding Capital is general partner for the vehicle, dubbed Marubi Jinding Cosmetics Industrial Fund Management, while Marubi has taken a limited partner position, according to the filing.
Founded in 2002, Marubi markets a range of cosmetic and skincare products including facial creams and masks but is best known for its eye serums and…