Silicon Harbour Capital, an investment firm founded by ex-Carlyle Group’s China head, has closed its maiden Chinese yuan fund at nearly 1 billion yuan ($156.8 million), far exceeding the initial fundraising target despite challenges in raising first-time funds amid the pandemic hit.
Shanghai-headquartered Silicon Harbour attracted capital commitments from limited partners (LPs) including Tsinghua Holdings’ fund of funds (FOF) Redbud Capital, and a 50-billion-yuan ($7.8 billion) FOF platform set up by Chinese securities firm Guotai Junan Securities. Its investors also include family offices, enterprises, and entrepreneurs.
