BA Capital raises $147m for renminbi fund, hits first close on dollar fund
BA Capital, a Shanghai-based venture capital firm also known as Black Ant Capital, has raised RMB1 billion ($147 million) for its second renminbi-denominated fund.
The consumer sector-focused GP has also reached a first close of $100 million on its debut US dollar fund. The vehicle has a target of $150 million, according to a regulatory filing. BA Capital declined...
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