The US-China Green Fund expects to hit the first close of its second RMB-denominated fund, which is seeking to raise $700-800 million, by the end of this year.
According to one source close to the development, the US-China Green Fund’s first close is likely to be below 50 per cent of its target corpus. Its limited partners (LPs) are mainly from China and comprise a mix of financial institutions, state-owned entities and provincial governments.
