Matrix Partners China, the investment unit of U.S.-based private equity firm Matrix Partners, has raised an extra $77.9 million for its fifth private equity (PE) fund.
The new fund, Matrix Partners China V-A, L.P, received participation from about 69 limited partners (LPs).
The new fund will also invest in sectors including internet and mobile internet, financial services, healthcare and services as a software companies in China.
With participation from about 53 LPs, Matrix Partners China completed $750 million for its Matrix Partners China V in June.