Yunfeng Capital raises $2B USD fund

What's the deal? China's GigaDevice Semiconductor has committed $100 million to a new $2 billion USD-denominated fund raised by Yunfeng CapitalDealroom has a profile for this one. Try Dealroom →, the private equity firm co-founded by Alibaba GroupDealroom has a profile for this one. Try Dealroom →'s Jack Ma.

Who's behind it? Yunfeng Capital was founded in 2010 by David Yu, the media entrepreneur behind Target MediaDealroom has a profile for this one. Try Dealroom →, and Ma, the billionaire founder of Alibaba GroupDealroom has a profile for this one. Try Dealroom →. The two have a long-standing professional partnership.

The signal: The commitment ties a Chinese chipmaker to one of the country's best-known private equity names, underscoring continued investor appetite for large USD-denominated funds in Greater China.

Read more: DealStreetAsia

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