Orchid Asia targets $900 mln for Chinese franchises

Orchid Asia Group, China, private equity
  • First and final close scheduled for November
  • Fund V, a 2011 vintage, netting 28.4 pct IRR
  • PA Public Schools commits up to $75 mln to new fund
Orchid Asia Group is raising $900 million for its newest flagship private equity fund. Orchid Asia VII will likely hold a first and final close next month, Hamilton Lane wrote in a memo for Pennsylvania Public School Employees’ Retirement System. ...
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