Unicorn Capital Partners raises $450m

The Hong Kong-based fund of funds manager has reached the hard-cap for its fourth fund.

Fund name: Unicorn Partners Fund IV
Amount raised: $450 million
Stage of fundraising: Final close
Predecessor fund: Unicorn Partners Fund III ($353.5 million)

Unicorn Capital Partners has held the final close for Unicorn Partners Fund IV at its hard cap of $450 million. Capital raised by the fund of funds vehicle will make investments in venture capital funds and direct investments focused on healthcare and technology sectors in China.