Primavera Targets $300 Million for Private Credit Fund, Report Says

(DealStreetAsia) — Chinese investment firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Alibaba Group, is reportedly seeking to raise $300 million for a private credit fund.

Primavera, which invests in the global market with a focus on China, is said to have built out the credit strategy earlier this year with the recruitment of Jeffrey Lau as a partner as well as CEO and CIO of its credit investments team. Lau’s appointment led to the launch of the dedicated private credit fund, media outlet AVCJ reported on Monday.