Press Release

HighLight Capital Closes $550 Million HLC USD Fund IV

January 11, 2024

Beijing – January 11, 2024 – Cooley advised HighLight Capital (HLC) on the close of its flagship HLC USD Fund IV at approximately $550 million. Partner Jingyi Xu led the Cooley team advising HLC, with assistance from associates Stephanie Li, Qi Wang and Helen Yang and paralegal Yitong Pan.

This landmark closing represents an increase of around 30% from HLC’s predecessor fund and attracted interest from institutional investors worldwide – including new capital from the US, Middle East, Southeast Asia and Europe, which is exceptional in the current turbulent period for private capital raising.

Founded in 2014, HLC is a private investment firm dedicated to creating long-term value through promoting technology innovations. Empowered by deep knowledge in chemical, biological and material sciences, and leveraging the firm’s proprietary industry research and comprehensive enablement services, HLC strives to invest in companies that boost manufacturing efficiency and improve human wellness.

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