LimeTree Capital Partners has raised $110 million to date for its China Car Parks Investment Fund II, per a SEC filing. The Hong Kong-headquartered firm has set a $600 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $339 million in 2014.
The fund will target value added opportunities in car parks sectors in China.