HM Capital raises $309m

The Chinese investment firm has closed its venture capital fund.

Fund name: HM Fund I
Amount raised: 2 billion yuan
Target size: 2 billion yuan
Stage of fundraising: Final close
Final close date: January 2021

HM Capital has held a final close on HM Fund I on 2 billion yuan ($309 million; €254 million). Capital raised by the fund will be used to invest in the healthcare sector in China.