China’s Detong Capital raises just over $200m for new RMB fund, eyes $274m final close
The new RMB fund will focus on three industries including advanced manufacturing, healthcare, and IT application innovation.
Chinese hard tech investor CAS Star crosses $1.4b AUM with new RMB fund
CAS Star has invested in over 420 hard tech companies to date.
China Growth Capital nears final close of $140m sixth RMB fund
The firm's RMB Fund VI, which was launched in 2021, hit its first close in the same year.
Chinese VC major Qiming holds final close of seventh RMB fund at $928m
The new fund is the largest RMB vehicle raised in China's VC market so far this year.
China’s Tiantu Capital closes $218m RMB fund, aims to double down on consumer sector
Tiantu Capital currently manages over $3.6b across eight RMB funds.
Lightspeed China secures first close of new RMB fund at $116m for green tech, hard tech
Lightspeed is an investor in Southchip Semiconductor Technology and Hesai Group.
Global PE firms set up yuan funds amid RMB fundraising boom in China
The preference for RMB financing among Chinese startups reached a peak level in 2022.
China-focused investor Infinity Equity raises $378m for new funds
The firm focuses on sectors such as healthcare, new energy, semiconductor and automobile.
China’s FountainVest Partners plans to raise $414m RMB Fund II for growth-stage deals
Fund II comes about four years after the launch of FountainVest’s $235m debut fund in Dec 2018.
China’s Yingke PE secures final close of RMB fund at $150m
Yingke PE has invested $448m in almost 20 companies so far this year.