Chinese VC firm Shenzhen Capital launches $291m healthcare fund

People cross a street at Nanshan district in Shenzhen, China September 14, 2015. REUTERS/Bobby Yip

China-based venture capital firm Shenzhen Capital Group has launched a 2 billion yuan ($291 million) healthcare fund aimed at investing in companies that seek to disrupt the current healthcare pattern in the country.

In a statement on its WeChat official account, Shenzhen Capital said the debut healthcare fund – Shenzhen Hongtu Healthcare Private Equity Fund – would raise 800 million yuan ($116 million) in the first close of the fundraising.

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