Greater China-focused private equity firm ClearVue Partners is reportedly looking to close a $200m fund in the fourth quarter after bagging $140m of commitments to date.
Dow Jones reported the news citing a person familiar with the situation.
The Shanghai-headquartered firm plans to target growth capital deals of between $5m and $30m in the food and beverage, consumer lifestyle, internet and mobile-related sectors according to its website.
ClearVue boasts a strategic relationship with US consumer-focused buyout house Catterton Partners, which has backed businesses including Kettle Foods, PF Chang’s and Restoration Hardware.
The firm was founded by managing partners Harry Hui and William Chen, who were most recently at CP Equity China and DT Capital Partners respectively.
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