China-focused alternative investment firm CDH Investments has closed its China mid-market fund at the hard cap of US$800 million in total commitments, according to media reports.
The new vehicle, which exceeded its target of US$600 million, will focus on investing in mid-market companies in China to capitalize on a market void between growth equity investments and large buyout deals.
The firm just reached a final closing for its fourth RMB mezzanine fund with RMB3.5 billion (US$525 million) in August 2016.
CDH Investments did not immediately respond to inquires to confirm the news.
Established in 2002, CDH Investments manages over US$16 billion in assets across private equity, venture capital, real assets, mezzanine and credit, public equities and wealth management.
With offices in Hong Kong, Singapore, Beijing, Shanghai, Shenzhen and Jakarta, CDH Investments’ recent deals including leading a US$100 million investment in Chinese humanoid robots maker Ubtech and investing in Chinese co-working space start-up Fountown.