China Renaissance ‘s private equity arm Huaxing Growth Capital has reportedly reached an $800m second close for its fourth flagship US-dollar fund. The firm had previously hit a $550m first close in October last year, putting it almost half-way to its roughly $1.2bn goal. A pair of sovereign wealth funds have committed to the vehicle to help it reach a second close, AVCJ said, citing an unnamed sources it said was close to the situation. China Renaissance previously raised more than $600m for the final close of its Huaxing Growth Capital USD Fund III in 2020 . More than 70%…