China’s Loyal Valley closes second US dollar fund at $465m
China’s Loyal Valley Capital has closed its second US dollar-denominated fund at $465 million. The target was $400 million with a hard cap of $440 million.
Loyal Valley contributed $25 million. The GP closed its first US dollar-denominated fund at $390 million last year following a renminbi-to-US dollar restructuring backed by NewQuest Capital Partners. Its...
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