Morningside Group has raised more than $400 million in capital for three new funds, according to filings with the Securities and Exchange Commission. The documents, filed Thursday, said the firm has raised $279 million for Morningside China TMT Fund III. The fund’s target is $307 million.
Documents also show it raised $40 million for Morningside China TMT Fund III Co-Investment and $93 million for Morningside China TMT Special Opportunities Fund. The special opportunities fund has a target of $102.5 million.
Morningside’s previous fund, Morningside China TMT Fund II, raised $130 million, according to Thomson Reuters, publisher of peHUB.