Orchid Asia's Fund VI Racks Up $75M, En Route to $750M
June 20, 2014
Orchid Asia Group Management's latest fund has racked up about $75 million in commitments thus far from the likes of Pennsylvania Public Schools Employees' Retirement System. Targeting $750 million, the China-focused fund will reportedly consider sectors such as consumer products and services, healthcare and tech, targeting middle-market companies with equity investments of $5 million to $50 million. The firm's previous vehicle closed on $650 million in 2011, and has recorded an IRR of 36.49% as of March 31, 2014.