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Fund & Investor Interest: Hillhouse Capital raises record US$10.6 billion for private equity fund focused on Asia tech and health care
Pitchbook and other sources published an article on Hillhouse Capital, known for its investments in Tencent Holdings, Baidu, Didi Chuxing and Meituan Dianping, has raised a record US$10.6 billion for its latest private equity fund that will focus on Asian technology, health care and consumer sectors, the Beijing-based firm said on Wednesday.
Hillhouse's latest effort is more than twice the size of its predecessor, which closed on $4.2 billion a mere two years ago. Founded in 2005 by Zhang Lei, who previously worked at the Yale Endowment, the firm pursues investments at all equity stages and a range of sectors, including consumer, tech, industrials and healthcare.
Full article: https://pitchbook.com/news/articles/hillhouse-tops-10b-for-record-asia-private-equity-fund