Primavera Capital Fund II Reaches Final Close with US$1.9 Billion in Commitments (Asia)
Posted On: 19 Dec 2016 | Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
China-focused private investment firm Primavera Capital Group has reached a final close for its second U.S. dollar-denominated China-focused fund with US$1.9 billion in commitments, surpassing its US$1.5 billion target. Investors in the fund include Pennsylvania State Employee’s Retirement System, Taiwan Semiconductor Manufacturing, the Second Swedish National Pension Fund, China-based Taikang Insurance Group and Finland-based Varma Mutual Pension Insurance. Primavera focuses on growth capital, buyout, restructuring and turnaround investments.