China’s Highlight Capital secures first close of fourth RMB fund at $563m

Photo: Reuters

China’s Highlight Capital (HLC), a healthcare industry-focused fund, announced on Friday that it has hit the first close of its fourth RMB-denominated fund at 3.2 billion yuan ($563 million).

It didn’t specify the target size of the fund but said the capital commitment raised in the first close accounts for 80% of the total fund size. Nearly 90% of Highlight Capital’s existing limited partners (LPs) poured fresh capital into the new fund, said the firm in a statement.

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