Chinese private equity firm Orient Hontai Capital, an investment arm of Orient Securities Co. Ltd., has registered to bag $300 million for new venture capital (VC) fund.

The new fund, Hontai Capital Fund I, is ready to register any capital commitments from investors.

Orient Hontai Capital has $11 million in revenue annually.

In 2018, Orient Hontai Capital participated in Chinese financial advisory firm Tiger Brokers’ $80 million Series C funding.