TR, Shenzhen Capital back renminbi continuation fund
TR Capital and Shenzhen Capital Group have backed the spin-out of six healthcare assets held by China focused GP Huagai Capital into a RMB800 million ($125 million) renminbi-denominated continuation fund.
The transaction was described as a hybrid renminbi and US dollar qualified foreign limited partner (QFLP) secondary, presumably because Shenzhen Capital participated via a local currency vehicle while...
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