Gopher, Perfect World launch $300m China media M&A fund
Gopher Asset Management, the PE arm of Noah Holdings, has teamed up with Chinese movies-to-gaming company Perfect World to launch a media and culture M&A fund that has a target of RMB2 billion ($300 million).
According to a regulatory filing, Perfect World said it will commit RMB500 million and Gopher will raise the remaiining RMB1.5 billion from third-party investors. The fund - known as Junyi Yunyang Equity...
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