GGV closes debut renminbi VC fund at $236m
GGV Capital has raised RMB1.5 billion ($236 million) for its debut renminbi-denominated fund. The successful close takes the Sino-US venture capital firm’s total assets under management past $4 billion.
It continues a trend of managers best known for US dollar funds entering the renminbi space or seeking to enlarge existing pools of local currency capital. In the past 12 months, the likes of Morningside...
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