Zebra Capital closes second China fund
Zebra Global Capital, a Chinese GP established by Qunar co-founder Chenchao Zhuang (pictured), has reached a final close on its second fund. The firm said its total assets under management are now around $2 billion, without disclosing the size of the new vehicle. It closed Fund I at $800 million last year.
The LP base for the second fund comprises of top-tier US university endowments, the Hillhouse Foundation and Tencent Holdings, among others. Zhao set up Qunar in 2005 alongside Yiliu Zhao and David Wu,...
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