Investors flock to CRC’s debut RMB fund
Renminbi fundraising weakened considerably over the course of 2012. Preliminary AVCJ figures showing that barely 20 vehicles attracted a total of $4.2 billion in the second half of the year, less than one third the amount raised in the previous six months.
The malaise doesn't appear to have reached China Resources Capital (CRC) - its debut local currency fund was more than two times oversubscribed within a fortnight of launch, closing at RMB956 million ($153...
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