Alternative asset fund manager CDH Investments has closed its fifth private equity fund, CDH China Fund V, with US$2.6 billion in capital commitments. The vehicle, which was originally targeting US$2 billion with a US$2.5 billion hard cap, was oversubscribed. Investors in the fund include pension funds, endowments and sovereign wealth funds, evenly split between the United States, Asia, Europe and the Middle East. The fund is focused on China with a ten percent tranche in the vehicle that allows for opportunistic investment in other Asian countries.