The Morningside Group has raised US$412 million across three China funds, according to security filings it submitted to the U.S. Securities and Exchange Commission.
With offices in Boston, Hong Kong, Shanghai and Beijing, Morningside raised US$279 million for Morningside China TMT Fund III, slightly short of its target of US$307 million.
It raised US$93 million for Morningside China TMT Special Opportunities Fund, against a target of US$102.5 million. Another US$40 million was raised for Morningside China TMT Fund III Co-Investment fund.
The venture capital and private equity firm has invested in a number of Chinese technology companies.
Morningside was founded in 1986 by the family of Ronnie & Gerald Chan in Hong Kong. The family runs property firm Hang Lung Group.