Orchid Asia Wins $75M Commitment From PSERS

Chinese private equity firm Orchid Asia Group Management Ltd. has secured up to US$75 million commitment from the Pennsylvania Public School Employees’ Retirement System (PSERS) for its sixth China fund, according to a memo posted on PSERS’ website.

The US$50 billion-under-management PSERS previously invested US$40 million in Orchid’s fifth China fund, which closed at US$650 million in 2011.

Orchid Asia, with offices in Hong Kong, Shanghai, Beijing and Guangzhou, is targeting to raise US$750 million for its sixth fund.

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets

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