Chinese real estate services company E-House (China) Holdings Limited (NYSE: EJ) on Wednesday announced the closing of a US$100 million real estate investment fund called E-House China Real Estate Investment Fund I, L.P. E-House's non-wholly owned subsidiary, E-House Real Estate Asset Management Limited, will manage the fund and collect annual management fees and a share of any profits generated by the fund. E-House chairman and CEO Xin Zhou said the fund "will have a unique competitive advantage through its access to E-House's in-depth knowledge and broad information channel in China's real estate industry, which enables us to better analyze and capture potential market opportunities." E-House itself did not invest in the fund, but two of the company's directors invested a total of US$28 million. E-House's primary business is providing sales and marketing outsourcing services to mainland China real estate developers.