China's Meridian raises $330m for renminbi fund
Chinese VC firm Meridian Capital has closed its sixth renminbi-denominated fund at RMB2.12 billion ($330 million) after four months in the market.
LPs include national development funds, local government guidance funds, market-oriented fund-of-funds, insurance companies, and large corporates. The re-up rate was 45.7%. Meridian is looking to raise...
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