CDH Investments eyes $2.5bn hard cap for end of January fund close


china-flag-chineseChinese private equity firm CDH Investments is reportedly planning to hold a final close for its fifth fund on its $2.5bn hard cap.

CDH Fund V is already oversubscribed and could close around the Chinese New Year at the end of January, Dow Jones reported, citing people familiar with the situation.

Last September the South China Post revealed CDH was nearing its $2bn target for the fund and was just months away from a final close.

It said LPs committed to the vehicle included a mix of Asia and US-based institutional investors.

CDH V will be used to target investments in both growth equity and buyout deals in healthcare, consumer and financial services sectors.

The firm invests across private equity, venture capital, real estate and public equity markets, with $7bn under management – $4bn of which is in private equity.

AltAssets revealed last year that the firm had raised $31.5m towards its latest venture capital-focused vehicleand expecting to pull in between $300m and $350m.

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