China’s GenBridge closes debut fund at $500m hard cap
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.
GenBridge Capital Fund I was launched in December of last year with a target of $400 million. Singapore’s GIC Private came in as the anchor LP, with JD.com also committing a sizable amount. The...
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