Hong Kong-based private equity fund-of-funds manager Emerald Hill Capital Partners has reached a final close of US$400 million for its third Asian fund-of-funds, according to media reports.
Emerald Hill did not respond to request for confirmation of the news.
Founded in 2005, Emerald Hill has raised close to US$1 billion so far. It is currently investing its third private equity fund-of-funds, according to information on its website.
The firm invests in venture, growth and buyout private equity funds in Asia.