Hao Capital explores restructuring for Fund II – Exclusive

The China-focused private equity firm hired Lazard at the beginning of the year to help it restructure its $400m fund, PEI's sister publication Secondaries Investor has learned.

Hao Capital hired Lazard at the beginning of the year to help it restructure its 2008-vintage fund, PEI's sister publication Secondaries Investor has learned.

The China-focused and -based private equity firm wants to explore options to move assets from its $400 million Hao Capital II fund into a new vehicle, according to four sources familiar with the matter. Global buyers including HarbourVest Partners and Pantheon as well as regional Asian secondaries firms looked at the deal, the sources said.

It is unclear what stage the process has reached. Some of the sources indicated potential buyers were not able to agree on pricing around two months ago, while others said the deal is ongoing.

Read more by visiting Secondaries Investor .