China's Linear Capital raises $500m
Linear Capital, a China-based, technology-focused investment firm, has raised USD 500m for its fifth US dollar-denominated fund and its second opportunity Fund. It brings the firm’s total assets under management to USD 2bn.
The fundraising process began on October 8 and the vehicles were oversubscribed by mid-November. Linear declined to raise the hard cap and reached a final close in December, according to a letter to shareholders...
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