Primavera reaches $1.5b first close on China fund
Primavera Capital Group has completed a first close of approximately $1.5 billion on its third China fund. The overall target is $2.8 billion.
A US securities filing from earlier in May indicated that $490.5 million has been raised from 33 investors, but this does not include commitments from all LPs. The first close was confirmed by sources...
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