Long Hill Capital raises $265m

The Shanghai-based venture capital firm has closed its latest fund three months after launch.

Long Hill Capital has held a final close on Long Hill Capital Venture Partners II at $265 million, surpassing its initial fundraising target of $200 million. Fund II is twice the size of its predecessor, Long Hill Capital Venture Partners I, which corralled $125 million in 2016.

Capital raised for Fund II will be invested in China’s healthcare and consumer sectors.