
Legend raises $448m for seventh China VC fund
Legend Capital has closed its seventh China-focused venture capital fund at $448 million. The vehicle is smaller than the firm’s previous vehicle – which raised $500 million in about five months – and spent longer in the market.
The final close came on April 8, according to a source familiar with the situation. LC Fund VII launched in February of last year with an institutional target of approximately $375 million. A regulatory...
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