Harvest Capital Closes $300M Second USD Fund

Beijing-based financial solutions provider Harvest Capital Co., Ltd has raised $300 million for its second U.S. dollar-denominated fund, according to Chinese media reports.

The fund, named Great China Motivation Fund Phase I L.P., will invest in growth stage Chinese companies across the consumer and advanced services industries.

Investors of the fund include ABC International, China Orient International, a wholly-owned subsidiary of China Oriental Asset Management Corporation, onshore and offshore listing companies, insurance companies and high-net-worth individuals.

Founded in 2006 and formerly known as Sino-Can Harvest Capital (SCHC), Harvest Capital operates three core businesses, including investment banking, private equity and asset management businesses.

Before the closing of this fund, Harvest Capital has RMB5 billion (US$800 million) under management.

China Expert network
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