Chinese private equity firm ATM Capital announced that it has concluded the first close of its new fund.

The new fund secured $200 million in total capital investments from cornerstone investors.

The investment came from backers including Chinese technology to retail company Alibaba’s eWTP Technology and Innovation Fund, 58 Group and search engine Sogou Inc.

On September 2017, ATM Capital also spearheaded $3 million funding round in Indonesian coworking space firm ReWork.