China's Focus Media commits $150m to four investment funds
Focus Media, the Chinese outdoor advertising business taken private by a PE consortium and re-listed in Shenzhen last year through a reverse merger, is supporting four investment funds seeking to raise a combined RMB2 billion ($300 million).
The partner GPs are: Boiling Point Asset Management, which is managed by Chuan Thor of Highland Capital Partners; Shenzhen Fortune Venture Capital; a healthcare-focused unit of China Universal Asset Management;...
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