Phoenix Media to launch $300m fund
Phoenix Media is in the process of raising a $300 million private equity vehicle to invest in growth capital in Chinese media and culture companies. Hong Kong-listed broadcaster Phoenix TV is said to be one of the co-general partners of the fund.
The dollar-denominated fund will reach a first close later this year, Peter Schloss, senior partner of the fund, told Dow Jones. Schloss is well known in the world of technology, media and telecommunications....
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