Fundraising

Is winter over for China PE and VC fundraising?

It has been on a downward path since November, but fundraising for PEs and VCs rose in July. But does this upswing mean the end of winter?

Fundraising has become easier for Chinese private equity and venture capital funds that have struggled since the end of last year.

Beijing-based private equity firm Xianghe Capital on Wednesday closed its second US-dollar denominated fund at $425 million and its first RMB fund at Rmb1 billion $139 million.

Xianghe said that investors in the USD fund include university foundations, pension funds, as well as a charitable fund, all from North America, Europe, the Middle East and Australia. Proceeds will be used to invest in internet-related businesses, artificial intelligence, and big data projects.

About 17 private equity and venture capital firms have...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222