Trivest Advisors has scaled up its maiden China-focused multi-strategy fund to nearly $300 million in AUM, triple the $93 million it launched with in July 2010. Up to $300 million in additional inflows are understood to be in the pipeline.
The TAL China Focus Fund, managed by Huimin Wu, the former manager of Prime Capital, had $298.77 million in assets as of 31 January. It gained 9.63% since inception to end-January for its Class C asset class, which has 12 months’ hard lockup and 12 months’ soft lockup.
Wu, who serves as Trivest’s CIO, founded the firm last