China’s Gaorong closes fourth US dollar fund at $500m
Chinese venture capital firm Gaorong Capital has raised $500 million for its fourth US dollar-denominated fund. The majority of commitments came from existing LPs, with two endowments coming in as new investors.
The fund is similar in structure of the firm’s third US dollar vehicle, which closed in April last year. It comprises a core vehicle of $450 million for institutional investors and a $50 million sidecar made...
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