China-focused private equity firm ClearVue Partners has closed its first fund, ClearVue Partners Fund I, with US$262 million in capital commitments, exceeding its original target of US$200 million. The fund will invest in early-growth consumer companies in the food and beverage, lifestyle, internet and mobile sectors. Investors include institutions, endowments and pension funds such as Fidelity Investments and JP Morgan Asset Management, along with fund of funds managers Emerald Hill Capital Partners and HarbourVest Partners.