China Everbright hits first close of third healthcare fund at $115m

China Everbright’s Management Team. Photo from company website.

China Everbright Limited (CEL), a cross-border investment and asset management firm, has announced the first close of its third healthcare fund after securing RMB 800 million ($115.2 million) in commitments from various investors.

CEL Healthcare Fund III is targeting to raise up to RMB 1.5 billion ($216 million) and will invest in healthcare services, medical instrument and equipment, innovative medicine, diagnostic reagents, and other areas of healthcare.

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