CMC closes China media fund at $600m hard cap
CMC Capital Partners, a PE firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), has closed its second US dollar-denominated fund at the hard cap of $600 million. The vehicle is already one-third invested.
The fund, which launched with a target of $500 million, achieved a first close of $350 million in July of last year, with most of the commitments coming from existing investors. The LP base at final close...
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