DCL Investments, a Chinese investment firm, intends to raise approximately $946 million for its U.S. dollar-denominated (USD) fund and its third RMB fund.

DCL Investments is seeking to secure $500 million for its first U.S. dollar-denominated fund and $446 million for its third RMB fund.

The firm, with limited partners including insurance companies, university endowments and state-owned research funds, among others, is aiming to reach the final close for its RMB vehicle in the first half of this year.

DCL Investments manages three RMB funds and a USD fund with over $1.2 billion of assets.