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Laxman Pai, Opalesque Asia:

Cornell Capital, the investment firm launched by former Goldman Sachs veteran Henry Cornell, has beaten its target of $1.5 billion for its sophomore private equity fund with $1.7bn final close.

According to the private equity firm based in New York and Hong Kong, the fund - Cornell Capital Partners II (CCP II) - received strong support from a diverse and global group of existing and new Limited Partners. Cornell Capital has total assets under management of $5.9 billion.

CCP II will continue Cornell Capital's strategy of controlling investments in high-quality consumer, financial, industrials, and business services companies, it said.

"Leveraging decades of global investment experience, including extensive on-the-ground operating experience in both North America and Asia, Cornell Capital's investment team has particular expertise in identifying and driving cross-border opportunities for the fund and its portfolio companies," the company claimed.

To date, CCP II has completed investments in three companies: Ingenovis Health, a tech-enabled healthcare staffing platform; Innovations in Nutrition + Wellness, a formulator and manufacturer of vitamins, minerals, and supplements in the health and wellness industry; and Vault, a fast-growing provider of personal insurance for high-net-worth clients.

Meanwhile, in support of its continued growth in both the U.S. and Asia, Cornell Capital has recently made several senior appointment......................

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