Orchid hits $920m hard cap on sixth China fund
Thursday, August 21, 2014
(AVCJ by Tim Burroughs) – Orchid Asia has closed its sixth China growth capital fund, hitting the hard cap of $920 million after receiving more than $1.3 billion of interest from prospective LPs.
The vehicle launched in March of this year with a target size of $750 million. The GP received strong support from existing LPs, with public and private pension funds, insurance companies and endowments accounting for the vast majority of commitments.
