CMC Capital Partners raises $952.8m

The Beijing-based private equity firm closed its third USD-denominated fund above target.

Fund name: CMC Capital Partners III
Amount raised: $952.8 million
Target size: $800 million
Stage of fundraising: Final close
Final close date: January 2020
Time on the road: 13 months
Predecessor fund: CMC Capital Partners II

CMC Capital Partners has raised $952.8 million for its third USD-denominated private equity fund, CMC Capital Partners III, surpassing its $800 million target. The fund will invest in technology, media and telecommunications sectors across Asia.

The firm currently manages three USD funds and two yuan-denominated funds, with over $2.5 billion in assets under management.