New York Pacific Capital to raise RMB1 billion fund
US merchant banking player New York Pacific Capital is to raise an RMB1 billion ($147.6 million) private equity fund based out of Beijing, focused on investments into high-growth PRC companies across the healthcare, clean tech, education, culture and consumer-products sectors.
According to the bank, the Beijing Municipal Bureau of Finance will support NYPC by helping it, "obtain capital as well as introducing the fund to strategic partners, potential investors and local investment...
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