Cross-currency restructuring underpins Ameba's VC fund
China-focused VC firm Ameba Capital has closed its debut US dollar-denominated fund at $265 million, supported by a renminbi-to-US dollar secondary restructuring and a primary staple.
NewQuest Capital partners led the secondary portion, essentially financing the acquisition of several software-as-a-service (SaaS) companies from an older local currency vehicle so they could be used to...
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