China: CDH Investments raises $800m for new mid-market fund

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Photo: REUTERS/JASON LEE
Photo: REUTERS/JASON LEE

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.

Also Read:

China: CDH Investments leads $360m funding round in Hive Box Technology

China: AI startup SenseTime raises $120m led by CDH Investments

China Dealbook: CDH Investments leads $30m in Fountown, oTMS raises $25m in Series B round

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