CMC Capital Partners to raise $1b China media fund
China’s CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), is looking to raise $1 billion for a media-focused fund.
The fund comprises two vehicles, one US dollar-denominated fund and the renminbi-denominated, according to people familiar with the situation. The investment strategy for Fund II is largely consistent...
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