Lightspeed China hits first close on renminbi fund
Lightspeed China Partners has returned to the renminbi funds space for the first time in seven years, reaching a first close of CNY 800m (USD 116m) on its latest local currency vehicle.
The fund launched in the third quarter of 2022 and has received LP commitments from state-backed fund-of-funds and innovation funds in the Yangtze River Delta region, endowments, listed companies, market-oriented...
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