China's Primavera raises $546.7m for USD Fund IV, targets $5b hard cap

China's Primavera raises $546.7m for USD Fund IV, targets $5b hard cap

Beijing, China

Chinese private equity (PE) firm Primavera Capital Group has raised $546.7 million for its fourth US dollar fund, shows its latest filing with the US Securities and Exchange Commission (SEC), while the firm is reportedly targeting a hard cap of up to $5 billion.