Beijing Hosen Investment Management, LLP, a Beijing, China-based private equity firm focused on consumption driven opportunities in food and agribusiness, closed its latest fund, at $440m.
Hosen Fund III, closed after eight months in the market, received the support from a diverse range of institutional investors from the U.S., Europe, the Middle East and Asia.
Co-founded by Chris Wang and Alex Zhang and sponsored by New Hope Group, an agribusiness conglomerate in China. Hosen Capital focuses on investments in companies in the food and agribusiness-related companies that are either directly located in China or are directly involved in meeting demand on the Chinese market.
The firm, headquartered in Beijing and has additional offices in Chengdu, Shanghai and Guangzhou, has $2.31 billion in assets under management.