China-focused investment firm JD Capital has reached a final close on its second USD-denominated fund, Jiuding China Growth Fund II, with US$200 million in capital commitments. Investors in the fund included Allianz Group, Allstate Insurance, Partners Group and the family office of BMW. The new fund will invest in growth-stage companies across the retail, pharmaceutical, agriculture, mining and services sectors, focusing on equity investments and state-owned enterprise restructurings.