Hillhouse Investment Management is preparing to raise up to $8bn for its first new flagship funds in five years, as it looks to restart large-scale fundraising across Asia-focused private equity and growth strategies, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the firm is targeting around $7bn for an Asia buyout fund, alongside a further $1bn to $1.5bn for a growth vehicle. Hillhouse itself is expected to commit between $1bn and...
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