CMIA China Fund IV LP is CMIA’s fourth private equity fund focused on investment opportunities in China’s agriculture, food and agribusiness sectors. Together with China Merchant’s Technology Holdings they have invested US $23 million in the privatization of China Farm Equipment Ltd., an agriculture machinery manufacturer currently listed on the Singapore Exchange. China Farm Equipment sells its products through distributors in China and exports its products to Vietnam, Myanmar, Thailand and Bangladesh. According to China’s Ministry of Agriculture, China agriculture machinery sector grew at a CAGR of 25% over the past four years and is expected to continue its growth through the foreseeable future.