A $465m fund managed by private equity firm Hidden Hill Capital, a shareholder in JD Logistics and J&T Express, has reached its final closure. The fund is intended for supply chain and logistics investments throughout Asia, with a focus on China.
The Hidden Hill Foundation Fund received more interest than it could handle from investors in North America, Asia, and Europe, including the fund’s principal investor NewQuest Capital Partners.
The 2018-founded corporate private equity platform Hidden Hill supports businesses engaged in contemporary logistics, supply chain digitalization, renewable energy, and other relevant industries.
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The company is supported by global investment manager GLP and presently manages approximately US $3.6 billion in assets across seven funds.
“Hidden Hill invests in companies that leverage the strength of GLP’s logistics ecosystem and are taking part in the global energy transition that will help support our commitment to reducing energy consumption and carbon impact in the global supply chain,” said Teresa Zhuge, executive vice chair of GLP China.
Source: Incubees
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