Genesis Capital raises $850m

The Beijing-based investment firm closes its second USD-denominated private equity fund at its hard cap.

Genesis Capital held a final close for Genesis Capital Fund II at $850 million, surpassing its fundraising target of $750 million. The fund will focus on TMT sector in China.

Investors include pension funds, sovereign funds, insurance companies, foundations, and institutional investors from North America, Europe and Australia.

The firm is now managing two USD funds and two CNY funds.