River Head Capital hits first close on latest reminbi fund
China’s River Head Capital has achieved a first close on its second Innovation Growth Fund, a renminbi-denominated vehicle that has an overall target of CNY 2bn (USD 135m).
The firm said the first close accounted for 70% of the target corpus. Institutional investors represent 95% of commitments to date, among them insurance companies, listed corporates, and both state-backed...
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