Century Bridge in China fund debut
Raising a China-focused first-time fund is rarely easy, a Century Bridge can attest. Tom Delatour, CEO of the real estate private equity firm, came to China in 2006, assembled a team of investment professionals, and launched a fund in spring 2010. The final close came last week at $170 million, less than half the $400 million originally targeted.
"This is a very difficult market to raise money as a lot of pension funds and endowments are having their own problems after the global financial crisis," Delatour tells AVCJ. "There is also a huge misunderstanding...
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