China's BA Capital raises $349m for latest renminbi fund
Black Ant Capital, also known as BA Capital, has closed its third renminbi-denominated fund on CNY 2.5bn (USD 349m), with commitments from independent fund-of-funds, government guidance funds, insurers, and corporates.
The fundraising process began in the middle of 2021 and a first close came in September of that year. LPs that have disclosed their participation include Hong Kong-based conglomerate Chow Tai Fook Group,...
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