China’s Dayone Capital closes debut fund at $630m
Dayone Capital, a Chinese consumer-focused PE firm established by Allen Chen, founder of eyewear brand Mujosh and co-founder of BA Capital, has closed its debut fund at $630 million.
LPs include sovereign wealth funds, Chinese internet companies, and family offices, according to a source close to the situation. The firm launched in 2020 and set a target of $500 million for the fund....
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