Q & A

China’s Oceanpine Capital targets $600m for third USD Fund

Firm plans to tap LPs in the Middle East.

The fund, which is focused on women-led enterprises, aims to make eight to ten investments.

Some of the GPs that the firm invests in include Shima Capital, Bitkraft, NGC Ventures, and Soul Ventures.

The Indonesian social commerce startup recently closed a $39m round led by IFC.

Fund 3, which has made nine investments, has clocked two exits so far.

The fund has held the first close of Fund II with support from Saudi Arabia’s PIF, said founding partner Jerry Li.

Kopi Kenangan plans to set up its own coffee roastery, said CEO and co-founder Edward Tirtanata.

Multiples founder expects the final close of the fourth fund within a year.

Currently, every HK dollar invested by the fund attracts 18 times of private investment, Wong said.

The fund has seen over 50% institutional participation, said managing partner Anup Jain.