Cathay achieves $241m first close on renminbi fund
Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.
The vehicle, which is registered in Suzhou, Anhui province, has a target of CNY 3bn, twice the size of its 2019-vintage predecessor. Existing LPs such as Suzhou Innovatitive Industry Development Guidance...
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