Hillhouse Capital Forms Hillhouse Fund IV
August 13, 2018
Cleary Gottlieb represented Hillhouse Capital, an Asia-based fund manager, in connection with the formation of Hillhouse Fund IV.
The fund focuses on making strategic investments primarily in or related to Greater China and the rest of Asia. The fund held its final closing on July 13, 2018, with more than $10.5 billion in total commitments, and is the largest Asia-focused private equity fund ever raised.
Investors include university endowment funds, sovereign wealth funds, pension funds, and corporate investors. In connection with the fundraise, Cleary also advised on the formation of employee co-investment vehicles.