HighLight reaches first close on third renminbi vehicle
Chinese healthcare-focused GP HighLight Capital, which was set up by Steven Wang, formerly of CDH Investments, has reached the first close for its third renminbi vehicle at around 70% of the hard cap.
Financial details have not been disclosed. The fund, which launched in September last year, made its first deployment in January by participating in a RMB550 million ($80 million) pre-IPO round for Suzhou-based...
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