Chinese private equity firm Orchid Asia Group is set to make the first and final close of its $900-million Orchid Asia VII fund in November. The latest fund sets out to raise a little less than the $920 million the PE firm mopped up for its sixth fund three years ago.
“Orchid Asia is targeting $900 million in commitments from limited partners for its seventh growth equity fund, Orchid Asia VII L.P. The fund expects to make equity investments between $20 and $150 million in 20 to 25 companies with a minimum enterprise value of $50 million,” said a disclosure from Pennsylvania Public School Employees Retirement System last month.
