China project funds: Cut to fit
Project funds have become popular in China on the back of increased demand for PE exposure from corporates and high net worth individuals. It remains to be seen if they have true staying power
When Feng Li and Ben Lin, formerly partners at China-focused IDG Capital, established Frees Fund in August 2015, they sought to raise RMB2 billion ($296 million) for their debut renminbi-denominated fund....
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