Fosun RZ Capital holds first close of debut sci-tech fund at $186m

Beijing, China. Source: Li Yang/Unsplash

Fosun RZ Capital, a Beijing-based investment affiliate of Chinese conglomerate Fosun Group, on Wednesday announced the first close of its debut sci-tech innovation fund at 1.3 billion yuan ($186 million).

The fund, which targets to collect 2 billion yuan ($286 million) in total, attracted capital from institutional investors including Chinese government-led funds, listed companies, and corporate groups, Fosun RZ Capital chairman Wilson Jin Hualong told Chinese media outlet PEdaily.cn. The story was reposted by Fosun RZ Capital on its official WeChat account on Wednesday.

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