China Merchants Capital co-launches $225m PE fund for growth-stage deals

China Merchants Capital co-launches $225m PE fund for growth-stage deals

China Merchants Capital, an associated asset management firm between Chinese state-owned China Merchants Group and Singapore-based GLP, has co-launched a private equity fund with a corpus of 1.8 billion yuan ($255 million) to invest in growth-stage startups in China.

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