L Catterton hits first close on debut renminbi fund
L Catterton, a global private equity firm dedicated to consumer-focused investments, has reached a first close on its debut renminbi-denominated fund. The overall target is CNY 2bn (USD 275m).
L Catterton announced the first close through a statement in Chinese on its WeChat account. It did not specify the size, but local media put it at CNY 1bn. The firm declined to make any additional comments....
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