<article>Shanghai-based private equity firm ClearVue Partners, which focuses on the Chinese consumer market, is seeking to raise $600 million for its third fund, according to a filing with the SEC.</article>

Shanghai-based private equity firm ClearVue Partners, which focuses on the Chinese consumer market, is seeking to raise $600 million for its third fund, according to a filing with the SEC.
At $600 million, the targeted size is almost twice as much as the firm’s second fund, which was closed at a hard cap of $362 million in 2017.
ClearVue Partners invests along the consumer megatrend themes of modernization &amp; new retail, lifestyle, health &amp; wellness, and the digital consumer. It targets early growth and growth stage local companies, develops top-tier brands and businesses and enables market entry for leading international companies into China.
The firm’s ticket size typically ranges from $10-50 million, according to its website.
ClearVue raised its first fund in 2014, closing the fund at $262 million, exceeding its target of $200 million. This over-subscribed fund concentrated on food &amp; beverage, consumer brands, Internet consumer, and mobile.
Its second fund, raised three years later, remained focused on investments in Greater China’s rapidly growing consumer market.
Among the investments it made last year was in a $102 million follow-on funding round in autonomous vehicle company Pony.ai, which it co-led with Eight Roads.
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At $600 million, the targeted size is almost twice as much as the firm’s second fund, which was closed at a hard cap of $362 million in 2017.

Chinese PE firm ClearVue Partners looks to raise $600m third fund

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Chinese PE firm ClearVue Partners looks to raise $600m third fund

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