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Category: China

Qiming Venture Capital strikes $1.2bn final for Fund VII, thought to be China’s biggest VC raise this year

Qiming Venture Capital has scored what is thought to be the biggest VC fund close in China this year through a $1.2bn final close of its seventh flagship US dollar investment vehicle.

Hony Capital continues diversification by closing debut venture capital fundraise – report

Chinese private equity player Hony Capital has reportedly hit a final close for its debut venture capital fundraise as it begins a diversification of its investment offerings.

Private equity firms forced to wait for giant Ant Technology Group IPO after regulators suspend listing

Private equity-backed Ant Technology Group’s public listing was expected to be the biggest IPO ever, but now Chinese regulators have suspended the stock market debut.

GGV Capital could collect up to $2.5bn across latest trio of fundraising vehicles

Sino-US private equity investor GGV Capital could collect up to $2.5bn across its trio of new fundraises, new SEC documents submitted by the firm show.

These private equity firms expect to cash in on Ant Group’s upcoming IPO

Ant Group’s upcoming IPO could make some private equity firms a lot of money. Private equity firms Silver Lake, Warburg Pincus, Carlyle Group and General Atlantic have previously put money into the Chinese giant, according…

Somerset expands China team

Somerset Capital Management has recruited Min Chen to its China team. He joins the UK firm from Dymon Asia where he was the portfolio manager of the Prospect View China fund. Chen has previously clocked…

China’s Legend Capital hits $500m hard cap close for LC Fund VIII

Chinese private equity and venture capital major Legend Capital has hit a $500m hard cap close for its eighth flagship fundraise.

Baidu Capital, Lake Bleu Capital among backers for lung disease diagnosis, treatment business Broncus

Lung disease diagnosis and treatment startup Broncus Holding Company has picked up a round of Series C investment from VC houses including Baidu Capital and Lake Bleu Capital.

China’s Gaorong Capital hauls in at least $1bn towards fifth US dollar-denominated fundraise

Chinese early-stage investment house Gaorong Capital has raised at least $1bn for its fifth US dollar-denominated fund.

US-China relations at worst since 1989 Tiananmen Square Massacre, Carlyle’s Rubenstein says

Carlyle co-founder David Rubenstein has said US-China relations are at their worst since the 1989 Tiananmen Square protests that ended in the deaths of hundreds of protestors.

Sequoia Capital China said to near up to CNY18bn ($2.65bn) fund close in coming weeks

Sequoia Capital's China arm is reportedly eyeing as much as CNY18bn ($2.65bn) for what would be its largest fund focused on the country.

Hillhouse Capital said to eye CNY20bn for biggest-ever yuan-denominated fund

Chinese private equity major Hillhouse Capital is reportedly eyeing more than CNY20bn ($3bn) for what would be its biggest renminbi-denominated fund yet.

Pandemic-resilient Chinese healthcare companies in Investcorp’s sights with launch of new platform

Alternative investment major Investcorp has launched a new platform dedicated to backing Chinese healthcare companies.

China Renaissance Holdings hits RMB40bn of PE assets through final close of latest US-dollar fund

China Renaissance Holdings has raised more than $600m for the final close of its Huaxing Growth Capital USD Fund III.

Chinese AI cities pioneer Terminus gets Investcorp backing

Alternative investment major Investcorp has backed Chinese AI-controlled city and smart services developer Terminus Technologies.

Yun Qi Partners looks to raise $275m for its third investment vehicle

Chinese private equity firm Yun Qi Partners is looking to raise up to $275m for its third fund.

Jack Ma’s Ant Financial files for what could be the biggest IPO ever

Chinese tech powerhouse Ant Financial has filed for what could be the biggest initial public offering ever, which could see the company raise $30bn.

Hong Kong to open up for private equity firms with new rules

Hong Kong has introduced a new structure for private equity funds as part of China’s bid to make the city a centre for international asset and wealth managers. The Limited Partnership Fund Ordinance will enable…

MBK Partners said to enter Car Inc takeover talks after Luckin Coffee accounting scandal impacts share price

Asian private equity major MBK Partners is reportedly in talks for a take-private buyout of China's top car rental business Car Inc, which could value the company at up to $850m.

CalPERS reveals surprise resignation of CIO Meng, begins hunt for replacement

Pension giant CalPERS has revealed the surprise resignation of CIO Yu Meng after just 18 months in the role.