The new fund under BluePool Capital, supported by Cai Chongxin, has completed its first round of fundraising, raising $300 million, which will bet on hedge fund strategies.

According to informed sources, a new fund under Blue Pool Capital, which is supported by Alibaba Group Chairman Joe Tsai, completed its first round of funding in July, raising $300 million. The funds will be used to invest in hedge fund strategies. Sources indicate that this new fund is the second in the Harborside series, with a target of raising $500 million by the end of the year, and that investors include ultra-high-net-worth individuals and institutions.