<article>Beijing-based private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/huagai-capital/">Huagai Capital</a> is about to complete the RMB3 billion ($430-million) fundraising for its third medical vehicle, according to Chinese media reports.</article>

Beijing-based private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/huagai-capital/">Huagai Capital</a> is about to complete the RMB3 billion ($430-million) fundraising for its third medical vehicle, according to Chinese media reports.
The government-based initiative Beijing Science and Technology Innovation Fund is said to be a cornerstone investor in the fund.
Huagai Capital has also roped in partners for the fund, including an executive from Boston Consulting Group, Chinese media reported from the PE firm’s recent investor conference.
Founded in 2012, Huagai Capital has made more than 100 investments across the TMT, cultural industries and medical sectors. The firm manages assets worth over RMB10 billion ($1.45 billion).
It is understood that Huagai Capital had three IPO exits in 2018 and anticipates five more this year.
In the medical sector, the firm focuses on biomedicine, medical equipment and medical services. Its first two medical funds have invested in about 25 projects.
PE Daily China cited Xu Xiaolin, founder and chairman of Huagai Capital, as saying that revenues of invested companies in the second fund had increased sharply compared to the market average, and the fund valuation had significantly improved over the past year. He also opined that medical investments will continue to grow at a high speed despite economic downturn, as they will create long-term value.

Beijing-based private equity firm Huagai Capital is about to complete the RMB3 billion ($430-million) fundraising for its third medical vehicle, according to Chinese media reports.

Chinese PE firm Huagai Capital raises $430m third medical fund

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Chinese PE firm Huagai Capital raises $430m third medical fund

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