China-focused private equity firm Harvest Capital has closed its second USD-denominated vehicle, Greater China Motivation Fund Phase I, with US$300 million in capital commitments. The firm has also completed fundraising for an RMB-denominated vehicle, Hexing (Tianjin) Equity Investment Fund, with RMB500 million (approximately US$81 million) in capital commitments. Investors in the USD-denominated fund include Agricultural Bank of China’s investment arm China Orient Asset Management International Holdings, and investors in the RMB-denominated fund include Shenzhen-listed food seasoning producer Jiajia Food Group. Separately, Harvest Capital has backed two China-based companies, investing US$20 million in designer and manufacturer of home furniture Boloni and RMB80 million (approximately US$13 million) in tea grower, processor and exporter Hunan Tea Group.