Princeling-linked Boyu Capital said to prepare US$1.5b fund

Private equity firm Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is seeking US$1.5 billion, according to people familiar with the matter.

The firm’s first fund raised US$1 billion in 2011, receiving backing from large Asian investors such as Singapore state fund Temasek Holdings and Li Ka-shing, Asia’s wealthiest person.

Boyu will launch the fund in the second half of the year, the people say, continuing its focus on investing into Chinese companies.

via Business feed http://www.scmp.com/business/companies/article/1271835/princeling-linked-boyu-capital-said-prepare-us15b-fund