Hillhouse Capital of Beijing closed its Hillhouse Fund IV with an oversubscribed $10.6 billion, a record for a private Asian fund. Hillhouse is a prominent life science investor, though it is equally involved in consumer technology and services. A global investor, its investments retain a focus on Asia companies. Hillhouse was founded in 2005 by Lei Zhang, who worked in Yale’s endowment office while he was getting his master’s degree. After he left the office, the endowment granted him $20 million in seed funding.
Source: China Biotoday
