FountainVest Partners closes debut RMB fund at $246.5m

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).

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