• Home
  • News
  • Analysis
  •  
    Regions
    • Australasia
    • Southeast Asia
    • Greater China
    • North Asia
    • South Asia
    • North America
    • Europe
    • Central Asia
    • MENA
  •  
    Funds
    • LPs
    • Buyout
    • Growth
    • Venture
    • Renminbi
    • Secondary
    • Credit/Special Situations
    • Infrastructure
    • Real Estate
  •  
    Investments
    • Buyout
    • Growth
    • Early stage
    • PIPE
    • Credit
  •  
    Exits
    • IPO
    • Open market
    • Trade sale
    • Buyback
  •  
    Sectors
    • Consumer
    • Financials
    • Healthcare
    • Industrials
    • Infrastructure
    • Media
    • Technology
    • Real Estate
  • Events
  • Chinese edition
  • Data & Research
  • Weekly Digest
  • Newsletters
  • Sign in
  • Events
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)870 240 8859

      Email: customerservices@incisivemedia.com

      • Sign in
     
      • Saved articles
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
  • Free Trial
  • Subscribe
  • Weekly Digest
  • Chinese edition
  • Data & Research
    • Latest Data & Research
      Ape-directory
      AVCJ Private Equity Online Directory

      With its wide network of senior industry contacts, the directory is the most comprehensive online directory on private equity and venture capital in Asia. It is easy to navigate, enabling access to Asian private equity firms and professionals.

      Read more
      2016-china-cover
      Regional Reports

      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

      Read more
      2016-pevc-cover
      Industry Review

      Asian Private Equity and Venture Capital Review provides an independent overview of the private equity, venture capital and M&A activities in the Asia region. It delivers insights on investments made, capital raised, sector specific figures and more.

      Read more
      AVCJ Database

      AVCJ Database is the ultimate link between Asian dealmakers and those who provide advisory, financial, legal and technological services to the private equity, venture capital and M&A industries. It is packed with facts and figures on more than 153,000 companies and almost 117,000 transactions.

      Read more
AVCJ
AVCJ
  • Home
  • News
  • Analysis
  • Regions
  • Funds
  • Investments
  • Exits
  • Sectors
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)870 240 8859

    Email: customerservices@incisivemedia.com

    • Sign in
 
    • Saved articles
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 

Renminbi fund

chip-semiconductor-circuit
Xiaomi hits $1.3b second close on semiconductor fund

Xiaomi Private Equity Fund Management, a unit of Chinese smart phone maker Xiaomi, has achieved a second close of CNY 9bn (USD 1.29bn) on a semiconductor fund targeting CNY 10bn.

  • Fundraising
  • 08 March 2023
regulation-rule
Regulator raises the qualification bar for Chinese GPs

China has introduced minimum paid-up capital requirements for local private equity firms that could force smaller, less sophisticated players out of the market.

  • Greater China
  • 28 February 2023
renminbi-rmb
Guangzhou government commits $29bn to fund-of-funds

The Guangzhou provincial government has established two fund-of-funds (FoFs) with a combined scale of CNY 200bn (USD 29bn).

  • Greater China
  • 22 February 2023
renminbi-rmb-notes
Primavera targets onshore China deals

Primavera Capital Group has established a fund under China's Qualified Foreign Limited Partnership (QFLP) regime, underlining interest in onshore investments among managers with US dollar-denominated pools of capital.

  • Greater China
  • 16 February 2023
renminbi-rmb
China's Oriza Rivertown raises $236m

Oriza Rivertown, the growth investment arm of Suzhou-based Oriza Holdings, has raised CNY1.6bn (USD 236m) across two funds, bringing its total asset under management to CNY 4.5bn.

  • Greater China
  • 09 February 2023
fundraising-money-hand-coins
China's Riverhead Capital closes $295m renminbi fund

China-based Riverhead Capital, the private equity arm of Sunshine Insurance Group, has closed a renminbi-denominated fund with CNY 2bn (USD 295m) in commitments.

  • Greater China
  • 26 January 2023
mengyang-yang-cicc
Q&A: CICC Capital’s Mengyang Yang

Mengyang Yang, an executive director and head of private equity in Hong Kong at CICC Capital, on China’s post-pandemic revival, plans for a flagship US dollar fund, and managing guidance funds

  • Greater China
  • 14 December 2022
renminbi-note-man-china
Affirma hits first close on renminbi fund

Emerging markets-focused private equity firm Affirma Capital has reached a first close of approximately CNY 1.5bn (USD 215m) on its debut renminbi-denominated fund.

  • Greater China
  • 09 December 2022
rokid-ar-vr-glasses
Local investors pump $54m into China's Rokid

Rokid, a China-based company specialising in augmented reality (AR) technology, has raised CNY384m(USD53mn)across two tranches, largely from state-linked investors.

  • Greater China
  • 10 November 2022
consumer-retail-shopping
L Catterton hits first close on debut renminbi fund

L Catterton, a global private equity firm dedicated to consumer-focused investments, has reached a first close on its debut renminbi-denominated fund. The overall target is CNY 2bn (USD 275m).

  • Greater China
  • 04 November 2022
china-map-globe
China's Inspiration Capital closes Fund II on $82m

Inspiration Capital, a spinout from Qiming Venture Partners, has raised CNY 600m (USD 82m) for its second renminbi-denominated fund focused on cleantech and advanced manufacturing investments in China.

  • Greater China
  • 03 November 2022
usd-rmb-dollar-renminbi
China's Bright Capital raises $137m

China-based venture capital firm Bright Capital has raised CNY 1bn (USD 137m) across two funds - its third renminbi-denominated vehicle and its first US dollar fund.

  • Fundraising
  • 01 November 2022
yin-yang
China fundraising: Onshore vs offshore

Raising capital for China strategies is difficult right now, regardless of currency, but are geopolitical forces enabling the rise of renminbi-denominated funds at the expense of the US dollar?

  • Greater China
  • 19 October 2022
renminbi-note-man-china
China's BA Capital raises $349m for latest renminbi fund

Black Ant Capital, also known as BA Capital, has closed its third renminbi-denominated fund on CNY 2.5bn (USD 349m), with commitments from independent fund-of-funds, government guidance funds, insurers, and corporates.

  • GPs
  • 12 October 2022
hong-kong-cityscape-sunset
Shenzhen investors offered cash handouts for Hong Kong IPOs

Shenzhen-based venture capital investors will receive one-off cash rewards for taking companies public in Hong Kong and sponsoring special purpose acquisition companies (SPACs) that list on the territory’s stock exchange.

  • Greater China
  • 09 September 2022
rmb-panel
Renminbi GPs wary of government guidance funds as LPs

Chinese government guidance funds represent a potentially rich source of capital for managers in the renminbi-denominated space, but some are reluctant to take it, the Hong Kong Venture Capital & Private Equity Association's (HKVCA) China forum heard.

  • Greater China
  • 29 August 2022
renminbi-rmb-notes
China’s Whale Capital achieves first close on food fund

Chinese consumer-focused VC firm Whale Capital has reached a first close of undisclosed size on its latest renminbi-denominated fund, which will specialise in the food industry. The target is CNY 500m (USD 73m).

  • Greater China
  • 25 August 2022
renminbi-rmb-notes
Winreal hits $150m first close on China tech fund

Winreal Investment, a China-based venture capital firm established by a former chief engineer at domestic telecom equipment provider ZTE Corporation, has reached a first close of CNY 1.3bn (USD 150m) on its latest renminbi-denominated fund.

  • Greater China
  • 23 August 2022
nisa-leung-qiming
Fund focus: Qiming picks its moment

China’s Qiming Venture Partners more than doubled its fund size from the previous vintage, having launched the vehicle prior to the recent chaos and leveraged LP demand for the familiar

  • Greater China
  • 12 July 2022
dollar-bills-money-notes-roll
Qiming raises $3.2b across dollar, renminbi funds

China-focused VC firm Qiming Venture Partners has closed its eighth US dollar-denominated fund at the hard cap of USD 2.5bn – more than twice the size of the previous vintage – and raised CNY 4.7bn (USD 701m) for its latest renminbi vehicle.

  • Greater China
  • 11 July 2022
dollar-bill-money-2
Joy sets modest target for China VC fund - update

Beijing-based Joy Capital has set a lower target for its latest US dollar-denominated fund than in the previous vintage and decided against raising a second accompanying growth vehicle.

  • Greater China
  • 04 July 2022
renminbi-rmb-notes
China's ZWC hits first close on debut renminbi fund

Chinese venture capital firm ZWC Partners has reached the first close of CNY 1bn (USD 149m) on its debut renminbi-denominated fund. The overall target is CNY 1.5bn.

  • Greater China
  • 22 June 2022
liquidity-tap-water-exit
China secondaries: Liquidity play

Under pressure to generate returns amid a challenging fundraising environment, Chinese GPs are beginning to revise pricing expectations to get traction with continuation funds

  • Greater China
  • 07 June 2022
renminbi-rmb-notes
Cathay achieves $241m first close on renminbi fund

Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.

  • Greater China
  • 07 June 2022
1 2 3

Most read

affinity-logo
Affinity recruits Australia head, re-hires executive from Quadrant
retirement-nursing-home-aged-care
Bain pursues buyout of Australia's Estia Health
MRO
China’s JD Industrials completes $300m Series B
lazona-kawasaki-toshiba
JIP wins board approval for $15b Toshiba buyout
dollar-bill-money
Portfolio Advisors raises $1bn for global fund-of-funds
  • About AVCJ
  • Advertise
  • Contacts
  • About ION Analytics
  • Terms of use
  • Privacy policy
  • Group disclaimer
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013