China's Ant Group-backer Primavera raising up to $5b in new dollar fund

China's Ant Group-backer Primavera raising up to $5b in new dollar fund

Chinese private equity firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Ant Group, is raising a new U.S. dollar-denominated fund of up to $5 billion, two people with direct knowledge of the matter told Reuters.

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