Lunar Capital Management is raising $380 million for its fourth fund, according to China Money Network.
The Lunar Capital Partners IV LP was launched in January, and the firm is now seeking investors who will put their funds into it.
A separate report from PE Hub said the fourth fund will be bigger than its third, which received $150 million in 2010, so it could target more investments in China.
Despite its cooling economy, China continues to attract strong interest from investors, as well as financiers who are selectively eyeing firms with promising prospects over the medium to long-term.
According to its website, Lunar Capital focuses on investing in Chinese consumer firms and its current portfolio include Peekabo, Yeeho, Joysun, among others.
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