FountainVest poised for first close on latest China fund
FountainVest Partners has set a target of $2.8 billion for its fourth China-focused fund, with a first close of more than $1 billion expected as soon as this week.
The GP has set the hard cap at $3.2 billion, according to sources familiar with the situation. Existing investors account for the bulk of the first close, though there is some new money as well. FountainVest...
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