AVCJ China Awards: RMB Fundraising of the Year – Cowin Capital
After barely three months in the market, Shenzhen-based Cowin Capital successfully closed its Nanhai Growth Fund V in June 2011 at a total of RMB2.5 billion ($393 million). The vehicle took the VC firm’s total assets under management past RMB7.5 billion.
The significance of this fundraise, however, is arguably in what it allows Cowin to do next. The firm has reached a critical mass by attracting LP commitments from high net worth individuals. Now it is...
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