Hong Kong–based CLSA Capital Partnershas raised approximately US$937 million thus far for its third fund, Fudo Capital III, according to a filing with the SEC. Fund III launched this year with plans to raise between US$750 million and US$1 billion. The pan-Asian fund will target value-added and opportunistic investments, with a particular focus on Australia, China, Hong Kong, Japan, Singapore, South Korea and Taiwan.

Its predecessor, Fudo Capital II, closed in November 2009 after exceeding its US$750 million fundraising goal with US$815.85 million in total commitments.

CLSA Capital Partners is the alternative asset management arm of CLSA Asia Pacific Markets.