Private equity firm CID Group has held a final close on its latest fund, CID Greater China Fund IV, with US$50 million in capital commitments. The fund, which will include an additional US$50 million of CID Group’s capital to total US$100 million, will focus on investments in semiconductor businesses in Taiwan. CID Group’s previous funds, Fund II and Fund III, raised US$225 million and US$430 million, respectively, and invested heavily in Mainland China.