Victor Rousso and King Lun USA Fund (I) LP have partnered to create Prism LP to make equity investments in Rousso Apparel Group, Garfield & Marks and Santa Fe Apparel, the companies said in a statement Monday.

Terms of the deal were not disclosed. King Lun USA Fund is the private equity partnership of Victor and William Fung, the chairman and group managing director, respectively, of Li & Fung Ltd.

"The Prism investment will enable the Rousso Apparel, Garfield & Marks and Santa Fe Apparel organizations to grow through acquisitions of additional apparel brands, as well as expansion of their marketing and sales resources," the companies said in the statement.

In December 2006, King Lun formed a partnership with Victor Rousso to buy the assets and trademarks of GarfieldMarks LLC. "The formation of Prism expands the partnership between the parties to include the other operating companies that Victor Rousso owns and runs as [chief executive officer]," the companies said.

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