RRJ Falls Short In Second Fundraise

Feb 4 2013 | 5:02pm ET

Asian private equity firm RRJ Capital has raised US$3.5 billion for its second fund, far short of its target.

The Hong Kong- and Singapore-based firm has spent seven months raising money for RRJ Capital Master Fund II, which will formally close next month, The Wall Street Journal reports. RRJ had hoped to raise US$5 billion for the fund.

RRJ raised US$2.3 billion for its first fund, which closed in 2011.

RRJ focuses on China, Southeast Asia and the U.S. energy sector.

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