Headland Capital Plans To Raise Its Seventh Fund

Hong Kong-based private equity firm Headland Capital Partners is planning to raise its seventh Asia-focused fund to invest in Greater China, South Korea and Southeast Asia, according to media reports.

Headland, which was created by spinning out the Asian private equity arm from HSBC Holdings PLC in 2010, is targeting to raise an amount similar to its sixth fund, which collected US$1.34 billion in 2008.

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Headland has invested in Chinese supermarket operator Yonghui Superstores Co Ltd. and Chinese apparel maker Bosideng International Holdings Ltd.

Since its founding in 1989, the firm has raised an aggregate of US$2.885 billion, according to its website. It’s fifth fund raised US$700 million in 2004.