Washington insiders launch Quad fund to take on China
Afr
10.11.2022
1 min read
A group of Washington insiders will launch a fund to invest mainly in companies from the Quadrilateral Security Dialogue (Quad) countries in a bid to counter China’s dominance in critical minerals, pharmaceuticals, military technologies and supply chains.
The fund, with the backing of the White House, will raise more than $US1 billion ($1.6 billion) in its initial stage and is being advised by some of America’s top investors and diplomats, including private fund manager Kyle Bass and former DocuSign chief executive Keith Krach, a former under-secretary of state for economic growth.
