Chinese private equity fund Hony Capital is seeking to raise nearly $2.6 billion in a new fund, Reuters reports. Meant for its fifth dollar fund, this is its biggest-ever dollar fundraising and almost double the previous $1.4 billion fund raised in 2008.
The firm is backed by Legend Holdings and has around $4.4 billion of assets under management, raised in four U.S. dollar funds and two yuan funds since 2003. Its investors include Goldman Sachs Group, Temasek Holdings, Stanford University, the Bill & Melinda Gates Foundation, the California State Teachers Retirement System and the Canada Pension Plan Investment Board.
Click here for the story from Reuters.
Stanford University Goldman Sachs Group Legend Holdings Hony Capital Temasek Holdings