<article><a href="https://www.dealstreetasia.com/?s=Yunfeng%20Capital">Yunfeng Capital</a>, a private equity firm owned by Alibaba founder Jack Ma, has closed a new investment fund after hitting its hard cap at $2.5 billion, according to its SEC filing.</article>

<a href="https://www.dealstreetasia.com/?s=Yunfeng%20Capital">Yunfeng Capital</a>, a private equity firm owned by Alibaba founder Jack Ma, has closed a new investment fund after hitting its hard cap at $2.5 billion, according to its SEC filing.
The fund, <a href="https://www.dealstreetasia.com/?s=Yunfeng%20Fund III LP">Yunfeng Fund III LP</a>, attracted 51 investors and included the sponsor’s commitment to both the issuer and its parallel fund. Yunfeng Fund II raised $1.2 billion while Yunfeng Fund raised Rmb10 billion (1.5 billion) in 2011.
Yunfeng Capital was established in January 2010. It is the only private equity firm in China set up by successful entrepreneurs, pioneers, and industry leaders.
The company said its goal is not merely to be a financial investor, but also to share the entrepreneurial experience with companies, helping them refine their development, organizational management, and brand building strategies.
At the same time as the closing of Yunfeng Fund III LP, the PE firm also announced the closing of its Yunfeng Fund III Feeder Fund LP at $40 million hard cap.
Yunfeng has made 58 investments so far, with 33 of them as lead investor. It has also made four exits, including <a href="https://www.dealstreetasia.com/?s=Alibaba">Alibaba</a>, Sogou, Youku, and WuXi NextCODE.
It recently led a consortium that acquired German drugmaker <a href="https://www.dealstreetasia.com/?s=AMW%20GmbH">AMW GmbH </a>in July. The deal, Yunfeng said, is a continuation of its series of healthcare investments. In May, the firm was one of the investors in a $260-million funding for China and US-headquartered healthcare company Brii Biosciences.
Yunfeng is the result of combining the Chinese first names of Mr. Jack MA (Yun), Chairman of Alibaba, and Mr. David YU (Feng), Founder of Target Media.
In Southeast Asia, the technology sector continues to be a key driver of PE/VC deals. Over the past three years, the technology sector has been one of the largest contributors to PE/VC deals in the region, according to the Duff &amp; Phelps compilation that DEALSTREETASIA reported in December.
PE/VC investments into tech companies have grown by about 9 times from $672 million in 2015 to $5.89 billion in 2017. Overall PE/VC deals transacted in 2017 amounted to 183 deals, with the aggregated deal value of approximately $26.2 billion. For most large transactions in the PE/VC space, investors included both funds and corporates.
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The investment firm has also closed its Yunfeng Fund III Feeder Fund LP at its $40-million hard cap.

Jack Ma's Yunfeng Capital raises $2.5b for new fund

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Jack Ma's Yunfeng Capital raises $2.5b for new fund

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