The Hong Kong-based firm, founded by former Goldman Sachs dealmaker Fred Hu, has sounded out investors on a vehicle targeting technology and consumer opportunities. The fund could be smaller than Primavera's previous $4bn raise, reflecting more selective institutional appetite for China-related exposure. US endowments and pensions have pulled back from allocating to Asia-focused strategies, while geopolitical tensions have weighed on fundraising timelines. Against that backdrop, Primavera joins firms such as Bain Capital and Hillhouse Investment Management in reassessing fund size and pacing. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
learn more
