China's Sinovation reaches $250m mark on fifth VC fund
China-focused Sinovation Ventures reached a USD 200m first close on its fifth flagship US dollar-denominated fund in April and is currently around the USD 250m mark against a target of USD 500m.
AVCJ learned of the development from a source close to the situation. The source added that Sinovation achieved a final close of around USD 600m on its debut growth-stage PE fund - which focuses on...
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