Renminbi fund
Tiantu leads $63m round for China fruit store chain
Chinese fruit store chain Pagoda has completed a RMB400 million ($63 million) Series A round of funding, with consumer-focused GP Tiantu Capital contributing RMB350 million.
Hony targets $2b for flagship China fund
Hony Capital is looking to raise $2 billion for its latest Greater China-focused fund. A first close of $1 billion is expected in mid-October.
Gobi raises RMB fund for China start-ups
Gobi Partners has formed a RMB600 million ($94.1 million) fund that will focus on seed, pre-Series A and Series A investments in early-stage Chinese companies.
PE-backed La Chapelle, Legend Capital launch PE fund
Hong Kong-listed Shanghai La Chapelle Fashion, a ladies' apparel maker backed by a string of PE investors, has partnered with Legend Capital to set up a PE fund worth RMB153 million ($24 million).
China’s Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
CDH to raise $600m China mid-market fund
CDH Investments is looking to raise $600 million for a China mid-market fund, with half of the corpus in US dollars and the other half in renminbi.
China’s CASH Capital targets $193m for Fund II
CASH Capital, the venture capital arm of the state-owned Chinese Academy of Sciences Holdings (CASH Holdings), is seeking to raise RMB1.2 billion ($193 million) for its second renminbi-denominated venture fund.
Carlyle commits $85m to China’s Ubox
The Carlyle Group has invested RMB530 million ($85 million) in Beijing Ubox Technology & Trade, a vending machine operator in China.
Former Matrix China director launches RMB VC fund
Roger Hu, a director at Matrix Partners China, has teamed up with Yi Zheng, formerly vice president at Chinese dating app Momo, to launch a renminbi-denominated early-stage fund.
Renminbi secondaries: An underpenetrated market
Plenty of Chinese high net worth individuals want to sell LP interests in renminbi funds. Local and foreign secondaries managers would like to take advantage, but they are held back by an immature market
PE-backed Meinian Onehealth to list via reverse merger
Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up services in China and a portfolio company of The Carlyle Group among others, plans to list in Shenzhen through a reverse merger with Jiangsu Sanyou Group.
China’s Tiantu commits $32m in dining mobile app
Chinese consumer-focused GP Tiantu Capital has invested RMB200 million ($32 million) in a Series A round of funding for Kaizhuo, a mobile app can be used to make restaurant bookings and payments.
JD, Beijing Water to launch $320m environment fund
China-focused private equity firm JD Capital has partnered with Beijing Water Business Doctor to launch a RMB2 billion ($320 million) environment fund.
Leadyond in partial exit from China’s NSFocus Information
Leadyond Capital has partially exited its stake in NSFocus Information Technology, a Chinese network security services specialist, via a public market trade for RMB140.5 million ($22 million).
Chinese playground operator Yuyuto raises $32m
Shanghai Yuyuto Entertainment Facilities, a Chinese company that operates children’s entertainment and retail facilities in shopping malls, has secured RMB200 million ($32 million) in a new round of funding from Fortune Venture Capital, Shenzhen Cowin...
China’s Galaxy Game Entertainment raises $16m
Shanghai Galaxy Game Entertainment, a Chinese mobile games developer, has raised RMB100 million ($16 million) in a Series A round of funding from Shenzhen Oriental Fortune, Shenzhen Green Pine Capital and Shanghai Cultural Industry Fund.
China’s Heaven-Sent Capital invests $32m in media enterprise
Chinese private equity firm Heaven-Sent Capital has invested RMB200 million ($32 million) in Great Wall Movie and Television, a Shenzhen-listed television and movie producer.
Laser tech firm, Guosen plan China robotics fund
Guosen H&S Investment, a PE investment arm of state-owned Guosen Securities, has teamed up with Shenzhen-based Han’s Laser Technology to form a RMB1 billion ($160 million) industry fund that will target robotic projects.
Shanghai mobile marketing firm gets $35m in PIPE financing
Dodoca Information Technology, a Chinese enterprise mobile marketing solutions provider, will raise RMB222 million ($35 million) from investors including Shenzhen Capital Group and its mutual fund arm Hotland Innovation Asset Management.
Beijing Enlight Media launches $160m VC fund
Chinese media and entertainment group Enlight Media has launched a venture fund with a target of RMB1 billion ($160 million).
Tiantu commits $16m in Chinese electric scooter manufacturer Inmotion
Chinese GP Tiantu Capital has committed RMB100 million ($16 million) in a Series B round of funding for Inmotion Technologies, a manufacturer of sensor controlled vehicles.
Taiwan’s CDFH, Fujian Electronics in first close on debut RMB fund
Taiwan-based China Development Financial Holding (CDFH) and China’s Fujian Electronics & Information Group have reached a first close of RMB1 billion ($162 million) on their debut renminbi-denominated fund.
China New Oriental CEO launches $32m angel fund
Michael Yu, co-founder and CEO of New Oriental Education & Technology Group, has partnered with Xitai Shen, a former CEO of Huatai United Securities, to launch a RMB200 million ($32 million) angel investment fund.
JD Capital buys traditional Chinese medicine business
JD Capital has bought a 60% stake in Baoding Zhong Yao, a traditional Chinese medicine (TCM) manufacturer.