China's Detong Capital raises just over $200m for new RMB fund, eyes $274m final close

China's Detong Capital raises just over $200m for new RMB fund, eyes $274m final close

FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

Shanghai-based private equity (PE) firm Detong Capital announced on Wednesday that it has raised over 1.5 billion yuan ($205.2 million) for its latest RMB-denominated fund, as the firm targets a final close of up to 2 billion yuan ($273.6 million).

Edited by: Joymitra Rai

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