China’s Hosen Capital seeks $750m for fourth fundraise – report

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Chinese buyout house Hosen Capital is said to be back in the fundraising market with a fourth flagship vehicle targeting $750m.

The firm launched its fourth food and agriculture-focused fundraise two weeks ago, sources told AVCJ.

The firm typically invests in companies across the food and agribusiness-related sectors either located in China or directly involved in meeting demand on the Chinese market.

Hosen investors have included New Hope Group, JD Group and Haida Group, ADM and Mitsui, as well as institutional investors such as Temasek and the IFC.

Hosen previously beat the $400m target of Fund III to close on $440m of capital commitments back in 2017.

Hosen, which has offices across China as well as in Tokyo, manages both RMB and USD denominated funds representing around RMB6bn ($836m).

The Beijing-headquartered fund manager was founded in 2010 by partners Hang Wang and Alex Tianli Zhang.

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