Orchid Asia Seals $650M For Fifth Fund

Orchid Asia has raised $650 million for its fifth China private equity fund, Orchid Asia V, LP, Reuters reported. The fund netted investments from roughly 60 investors from across the US, Europe and Australia. Orchid Asia focuses on the Chinese consumer sector and the specialty manufacturing sector. With the latest fund, the firm now has $1.4 billion under management.

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