Eastern Bell Capital raises $365m

The Shanghai-based private equity firm has closed its debut USD fund above target.

Eastern Bell Capital has closed Eastern Bell Capital Fund I on $365 million, surpassing its $350 million target. Its target sectors will include logistics, retail and B2B enterprise services in China.

Limited partners include global sovereign wealth funds, insurance funds and funds of funds.

Eastern Bell Capital managed CNY13 billion ($1.85 billion; €1.65 billion) of assets as of 31 October 2019.