Ascendent Capital pulls in $1B+ for third China fund
January 14, 2020
Hong Kong-based Ascendent Capital Partners has closed its third China-focused vehicle on $1.03 billion, surpassing an $850 million hard cap, according to an AVCJ report. The firm reportedly raised $600 million for its second China fund in 2015 and $365 million for its inaugural vehicle in 2012. Ascendent Capital is said to target investments in the Chinese manufacturing, retail, energy and real estate industries.