China-based private equity firm Harvest Capital has raised $124m from real estate logistics provider GLP and venture capital firm Sequoia Capital China, both of them new limited partners, DealStreetAsia reported today.
It is unclear which fund specifically GLP and Sequoia have invested in.
Founded in 2007, Harvest Capital now has approximately $3bn in assets under management, with a portfolio that includes companies such as local services listings platform Meituan, ride hailing services provider Didi Chuxing and insurer Taikang Insurance.
The firm previously attracted $74m from Hongtai Hengye Investment in 2018, before achieving a first $464m first close of its consumer service investment fund.
