Exor Chairman: Exor, Jardine Fund Targets Consumer Goods Firms

11th Jun 2010 12:45

VENICE, Italy (Dow Jones)--A new $100 million private equity fund announced Thursday by Exor SpA (EXO.MI), Jardine Matheson Holdings Ltd. (JAR.LN) and private bank Rothschild will target consumer goods companies in China and India, Exor Chairman John Elkann told Dow Jones Newswires Friday. The new fund is interested in investing in sectors that stand to benefit from the growing middle classes in India and China, Elkann said. The fund is looking at investing in "anything that has to do with consumer goods," Elkann said on the sidelines of the annual meeting of the Council for the United States and Italy. Elkann said the fund will also target the healthcare and education sectors. "It (our investment) would be focused on the domestic market," he said. -By Gilles Castonguay, Dow Jones Newswires; 39 02 58 21 9904; [email protected] (END) Dow Jones Newswires June 11, 2010 07:45 ET (11:45 GMT)