FountainVest Partners closes debut RMB fund at $246.5m

Photo by Kevin Lee/Bloomberg News

China-focused fund manager FountainVest Partners, which has raised three US dollar funds, has reportedly reached the final close of its debut RMB-dominated vehicle at RMB1.7 billion ($246.5 million).

FountainVest’s most recent fund was the FountainVest China Capital Partners Fund III at $2.1 billion, significantly larger than the second fund at $1.35 billion, which closed in 2012.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter