BASF Venture Capital is investing in the Longwater Advanced Materials Fund. This private equity fund is managed by Longwater Investment, a pioneer growth capital investor in advanced materials and chemistry-related technologies in China. BASF Venture Capital is one of several Limited Partners; other investors include Xiamen C & D, CICC Genesis and Tsinghua Redbud. The Asian market plays an important role in BASF's growth strategy. "This investment underlines our commitment to further expanding BASF's innovation capabilities in China," said Markus Solibieda, Managing Director of BASF Venture Capital. "Longwater's experts are well versed in China's chemical industry. Involvement in Longwater's network will support BASF's aim to engage with fast-growing companies and develop jointly with them innovations for its customers."