Founder Securities, a subsidiary of Founder Group that is controlled by Peking University, and Korea Investment Partners have raised $300m for their joint fund, according to China Money Network.
The joint fund will invest in the healthcare sector in Asia.
The fund will use its connection to Peking University to identify companies operating in the medical services, medical devices and emerging healthcare technology fields.
The fund is reportedly in the process of raising a second vehicle although no target has been given.
The fund has already begun investing, welcoming China-based plastic surgery firm Beaucare Clinics to its portfolio.
