China's Gaocheng secures $300m for debut US dollar fund
Gaocheng Capital, a China-focused private equity firm established in 2018 following a spin-out from Hillhouse Capital, has closed its first US dollar-denominated fund with $300 million in commitments.
The GP now has more than RMB4 billion ($560 million) in assets under management across US dollar and renminbi strategies. It targets growth capital investments related to technological innovation and enterprise...
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