A major backer of Starbucks challenger Luckin Coffee is showing that it still has plenty mojo left to go around. The firm, Centurium Capital, said it raised over $2 billion in U.S. dollars for a new fund, as global investors show strong interest in tapping China’s lucrative market. 

The fund attracted overseas investors such as sovereign wealth funds, fund-of-funds, and financial institutions, Reuters reported. Participants included such big-hitters as Singapore’s GIC and Temasek Holdings, as well as Canada’s Ontario Teachers’ Pension Plan, as well as China’s own sovereign wealth fund, China Investment Corp. 

The China-focused private equity firm has been focused on the domestic healthcare and consumer sectors, pouring money into companies like China Biologic Products and logistic supporting platform Shanghai Keking Xinda Technology Group.