Israel's Infinity launches six RMB funds
Infinity-I China Fund, the Tel Aviv-headquartered venture capital firm led by Infinity Group CEO Amir Gal-Or, has launched six RMB-denominated private equity funds in partnership with seven Chinese cities, including Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin. Each fund will have a size range of RMB200-500 million ($29-73 million).
“Since 2003, Infinity has been actively creating mutually beneficial relationships which combine the ingenuity and expertise of advanced and proven technology companies with the rapidly growing market...
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