Boyu Capital has closed its U.S. dollar–denominated fund with $3.6 billion in committed capital.
The fund is Boyu’s fourth and largest to date. The firm is focused on backing Chinese businesses in the consumer & retail, financial services, healthcare and media & technology sectors.
Reuters reported in November that the Hong Kong–based Boyu was raising a new dollar fund targeting at least $3 billion.
Boyu closed its third U.S. dollar private equity fund with $2.1 billion in 2016. Fund one closed with $1 billion and fund two raised $1.6 billion.
