CDH Investments, a China-focused alternative investment firm, has completed its local mid-market fund at a maximum level of $800 million in total commitments, the China Money Network reported.
The new vehicle topped its target of $600 million, and is aimed at filling in a void between growth equity investments and large buyout deals in China mid-market companies.
CDH Investments had recently disclosed it had made the final close for its fourth RMB mezzanine fund with RMB3.5 billion in August 2016.
The firm recently led a series of deals such as the $120 million funding in Chinese deep learning startup SenseTime, $100 million in humanoid robots maker Ubtech, $360 million series A round in Hive Box, which operates a network of self-service package drop-off and pick-up stations across China, and an investment in Chinese co-working space startup Fountown.
Established in 2002, CDH Investments manages over $16 billion in assets across private equity, venture capital, real assets, mezzanine and credit, public equities and wealth management. It has offices in Hong Kong, Singapore, Beijing, Shanghai, Shenzhen and Jakarta.