In September 2018, Hillhouse announced the close of Hillhouse Fund IV, L.P. The fund was heavily oversubscribed, closing with aggregate commitments of US$10.6 billion. With the new fund, Hillhouse will continue to work closely with entrepreneurs and management teams in pursuit of sustainable, long-term growth.
Global Logistics Properties (GLP) announced on July 14, 2017 that it would be taken private for $11.6 billion in the biggest privatization ever in Asia. The consortium of buyers for the Singaporean-based company was led by Hillhouse.
On April 28, 2017, footwear and apparel retailer Belle International announced a privatization offer for $6.8 billion by a group of buyers led by Hillhouse. Belle, which distributes some of the biggest names in international sportswear, including Nike, Adidas and Puma, as well as several highly popular Chinese brands that it makes itself, said that the move was a way to increase its competitiveness in the online space.