TH Capital raises $435m

The Beijing based P.E. firm has announced a final close on its third industrial fund.

Tsinghua Capital (TH Capital) held a final close on its third high-end industrial manufacturing fund, Industrial Investment Fund 3, at 3 billion Chinese yuan ($435 million; €372 million), against its target of 2 billion Chinese yuan ($288 million; €251 million) in August.

The fund received commitments from Chinese institutional investors including China Development Bank and Industrial and Commercial Bank of China.

With over $2 billion in assets under management, the firm invests through growth capital and buyout strategies in the fields of high-end industrials, healthcare and electronic mobility.