By Kane WuHONG KONG (Reuters) – Chinese personal equity company Boyu Capital, an investor in Chinese innovation titans consisting of billionaire Jack Mas Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said.Its 5th and largest U.S. dollar-denominated fund is most likely to close in the near term, said one of the individuals, who declined to be determined as the details is confidential.Boyu did not immediately respond to a demand for comment.The fundraising by a firm widely associated with tech start-ups amounts to a high-profile test of investor hunger at a time when heightened oversight of Chinas tech giants clouds the near-term outlook of those companies.It follows authorities November suspension of Ants Shanghai and Hong Kong dual listing, which delayed the substantial returns early investors such as Boyu could have expected from the worlds most significant preliminary public offering (IPO). The monetary technology giant was set to raise $37 billion at a valuation of $315 billion. The New York Common Retirement Fund has actually likewise been an investor, showed the website of the state comptroller.Private equity managers in Asia raised $108 billion for 481 brand-new funds last year, down 45% by dollar worth from 2019, showed Preqin data, as the COVID-19 pandemic dampened fundraising.Activity has picked up in 2021 with $21 billion raised through 56 funds so far, the information showed.TECH INVESTMENTSBoyu invested in Ants $4.5 billion fundraising in 2016 and $14 billion funding round two years later.

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