Investment management firm Hillhouse Capital closed Hillhouse Fund IV, L.P., with aggregate commitments of US$10.6 billion.
Hillhouse Fund IV will pursue opportunities across the healthcare, consumer, technology and services sectors globally, with a focus on Asia.
With the new fund, the firm will continue to work closely with entrepreneurs and management teams in pursuit of sustainable, long-term growth from partnering with visionary founders at company inception, to undertaking buyouts of iconic brands, through digital enablement of traditional businesses.
Led by Lei Zhang, founder and CEO, Hillhouse Capital has worked alongside iconic companies that have redefined their industries, including Airbnb, Beigene, Belle International, Didi, JD, Meituan, NIO, Peet’s Coffee, Tencent, Traveloka, Uber, and WuXi AppTec.
The firm manages capital on behalf of global institutions such as non-profit foundations and pensions.