Emerald Hill celebrates 5th anniversary with $300 million close
Independent Asia Pacific fund of funds Emerald Hill Capital Partners has announced the final close of its second fund, Emerald Hill Capital Partners II, LP, achieving its intended target of $300 million, coinciding with the firm’s fifth anniversary.
The Hong Kong-headquartered firm’s assets under management now stand at over $500 million. Emerald Hill brought in the close despite the recent difficult fundraising environment, with commitments from endowments and foundations, pension funds and insurance companies, as well as family offices, chiefly from the US and Europe. Similar to their maiden fund, endowments and foundations comprised 70% of committed capital, reflecting the heritage of the investment team, with three of the five partners previously managing PE programs at leading university endowments.
"We are very pleased with the outcome of our fundraise and extremely grateful to our investors for their continued support," said Eugene Choung, one of the firm's partners.
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