Hopu Investment Management, a Chinese private equity firm, has so far raised about $141 million for the Hopu Magnolia Fund, a buyout fund that invests across Mongolia, according to the firm’s filing with the US Securities and Exchange Commission (SEC).
The filing showed that the fund, launched in 2021, has already received commitments from at least 18 investors. SEC filings typically reflect funds raised from US investors. DealStreetAsia has reached out to Hopu for confirmation.