<article>Chinese healthcare-focused private equity firm Shiyu Capital has closed its second fund at more than $473.18 million (3.18 billion yuan), the company announced on Tuesday, April 9.</article>

Chinese healthcare-focused private equity firm Shiyu Capital has closed its second fund at more than $473.18 million (3.18 billion yuan), the company announced on Tuesday, April 9.
The fund, called Danqing Fund II, has attracted investments from government-guided funds, insurance companies, overseas-listed pharmaceutical companies, high net-worth individuals and other investment firms, Shiyu Capital said in a statement but did not disclose any names.
Danqing Fund II was launched in May 2018. It had raised 2.65 billion yuan for its first close and was targeting to raise a total of 3 billion yuan.
The investment firm&#8217;s first fund, Danqing Fund I, was launched In May 2016 and raised 1.1 billion yuan.
Shiyu Capital, also known as Shenzhen Shiyu Investment Management, was established in 2014 and mainly focuses on investments in the pharmaceutical and healthcare industry, especially healthcare facilities, innovative drug companies, and medical equipment.
Shiyu Capital, which has over 5 billion yuan in assets under management, has previously invested in healthcare-focused companies including WuXi PharmaTech, Yikang Medicine, GloriousMed and Crystal Pharmatech.
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The fund, called Danqing Fund II, has been backed by government-guided funds, insurance companies and overseas-listed pharmaceutical companies.

Chinese PE firm Shiyu Capital raises $473m for second RMB fund

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Chinese PE firm Shiyu Capital raises $473m for second RMB fund

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