China’s Harvest Capital holds first close for consumer fund at $446m

Photo: Reuters

Chinese private equity firm Harvest Capital has hit the first close of a new RMB-denominated consumer-focused fund at 3 billion yuan ($446.52 million), according to an announcement.

The Shanghai-based company said it would ‘closely collaborate’ with other investors, portfolio companies and their management teams in consumption and modern service fields to pursue sustainable growth in investment returns.

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