Hopu Reaches US$2 Billion First Close for Third Fund (Asia)
Source(s): Asian Venture Capital Journal | Author(s): Tim Burroughs
China-focused private equity firm Hopu Investment Management has reached a first close for its third fund with US$2 billion in capital commitments. Investors in the fund reportedly include sovereign wealth funds China Investment Corporation and Temasek Holdings and trading house Mitsui & Co. The fund is targeting US$2.5 billion in total commitments.