Hillhouse Capital has held the closing of Hillhouse Fund IV, which was heavily oversubscribed with aggregate capital commitments of USD10.6 billion.
From partnering with visionary founders at company inception, to undertaking buyouts of iconic brands, the flexibility of Hillhouse’s mandate enables it to be highly selective in choosing investments. Hillhouse Fund IV will pursue opportunities across the healthcare, consumer, technology and services sectors globally, with a focus on Asia. With the new fund, Hillhouse will continue to work closely with entrepreneurs and management teams in pursuit of sustainable, long-term growth.
In its private equity investments, Fund IV will implement Hillhouse’s strategy of leveraging its extensive operating capabilities and deep understanding of technology to create long-term value. Hillhouse aims to reignite growth through digital enablement of traditional businesses, as it has done in the retail space with its buyout of Belle International.
Lei Zhang, founder and CEO of Hillhouse Capital, says: “We are deeply grateful for the ongoing trust of our partners. We look forward to working with innovation-minded, world-class businesses and management teams seeking to deploy technology-driven solutions to create value for all stakeholders.”
