HONG KONG (Reuters) – DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion in its debut U.S. dollar and yuan funds, giving the private equity firm adequate firepower to invest in Greater China.

The funds add to a massive pool of money for Chinese investment and underscore investor confidence in the ability to cut deals in the world’s second-largest economy in the face of economic slowdown and trade tension with the United States.

DCP in a statement on Tuesday said it raised over $2 billion for its DCP Capital Partner I dollar fund from investors, known as limited partners. The fund was “significantly” oversubscribed due to strong demand from investors such as pension funds,

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