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

Pufa Tower in Shanghai, China.

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 & new retail, lifestyle, health & 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 & 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.

Also Read:

China’s Pony.ai raises $102m in funding round co-led by ClearVue, Eight Roads

China: ClearVue Partners closes second consumer fund at $362m hard cap

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.