Hopu Magnolia cuts fund target, seeks to delay final close
Hopu Magnolia, a growth capital unit of Chinese private equity firm Hopu Investment Management, has cut its planned new fund size to USD 250m, almost half of the original target.
The development was reported by Mergermarket, AVCJ's sister title, which cited three sources familiar with the situation Hopu Magnolia launched the fund in early 2021, seeking USD 450m, two sources and...
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