A veteran China dealmaker at Rothschild & Co. SCA is seeking to raise roughly $800 million for a new private equity fund that would invest in Europe and other regions, Bloomberg News reported, citing people with knowledge of the matter.
The fund, which is expected to receive investment from Rothschild, reportedly is also looking to raise capital from sovereign wealth funds in Asia.
Fundraising is likely to close in the next few months, the people told the news outlet. Rothschild will help manage the vehicle, which will target companies in the consumer, healthcare and manufacturing sectors.
Separately, Rothschild closed the fundraising for Five Arrows Secondary Opportunities V Fund with total capital commitments of €1.0 billion.