YunFeng Capital raises $2.5bn for Fund III

The Shanghai-based private equity firm reached its fundraising target eight months after launch.

YunFeng Capital has raised $2.5 billion for YunFeng Fund III, according to a SEC filing. Capital raised for Fund III will be invested in China’s TMT, healthcare, consumer goods and business services sectors.

Fifty one investors have committed capital to the fund, including Suning Corporation.

The fund’s predecessor, YunFeng Fund II, closed at $1.1 billion in May 2014.