PE firm Hillhouse Capital targets over $3b for new RMB fund

PE firm Hillhouse Capital targets over $3b for new RMB fund

Hillhouse Capital founder Zhang Lei. Photographer: Paul Yeung/Bloomberg

Private equity firm Hillhouse Capital Group is raising a fund targeting over 20 billion yuan ($3 billion), said people with knowledge of the matter, as it readies itself for opportunities offered by the eventual normalisation of the Chinese economy.

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