To raise its most recent fund, private equity firm Arsenal Capital Partners embarked across new territory.

The New York-based firm utilized its Shanghai office for the first time to help raise capital for its latest fund, which closed at $875 million. Previously, limited partners (LPs) were only in the U.S. and Europe, according to spokesman William Farrell.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.