Is winter over for Chinese PE and VC fund-raising?
Fundraising for private equity and venture capital had been on a downward path since November, but began to improve in July. Are asset owners becoming more supportive?
Fundraising has become easier for Chinese private equity and venture capital funds that have struggled since the end of last year.
Beijing-based private equity firm Xianghe Capital on Wednesday closed its second US-dollar denominated fund at $425 million and its first renminbi-denominated fund at Rmb1 billion ($139 million).
Xianghe said that investors in the US dollar fund include a variety of institutional investors: university foundations, pension funds, as well as a charitab…
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