Australia’s PE firm Wattle Hill hits first close at $200m

Sydney-based private equity firm, Wattle Hill RHC – with focus on Chinese and Australian markets – has hit a first close of its new fund at $200 million with a final target of  $300 million. The fund is scheduled to see its final close in 2017.

The first close was backed by one of the world’s largest insurance groups in Europe and largest privately owned insurance companies in China, the company said, in a brief statement on its website.

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