Hopu’s Ong to raise $2b solo fund
Richard Ong, one of the founding partners of Hopu Investment Management Co., a successful China’s buyout firm, is said to be leaving the firm to set up his own fund, which plans to raise $2 billion, according to reports first published by the Wall Street Journal.
The new fund is apparently called RRJ Capital, and it will become one of the largest funds dedicated to Asian markets. The report noted that the fund is aiming to hold a first close at $1.5 billion –...
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