Beijing-based Leadyond Capital is raising its second fund and has secured $33 million from US investors, according to a US Securities and Exchange Commission filing.
No target amount was specified and the firm could not be reached for comment.
Leadyond’s founder Jianguo Li is also the co-founder of Hony Capital and Legend Capital .
Last year, Leadyond Capital engaged with New York-based Kee Global Advisors, a cross-border advisory firm focused on the US and China, to identify US-listed Chinese companies that are take-private candidates.
The firm has three investments, according to its website: Shandong Pengxiang Automobile, NSFOCUS, a network security company and packaging firm Sitrust.
China fundraising figures for US dollar and RMB vehicles combined declined more than 50 percent in 2012 to $12.1 billion from $26.5 billion in 2011, according to the research and analytics division of Private Equity International.