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25 China-focused equity funds raise US$1.2b in Jan

TWENTY-FIVE China-focused private equity and venture capital funds completed fundraising last month, raising a combined US$1.2 billion, an industry report said today.

The proceeds decreased by 79.7 percent from December and fell 72.1 percent from a year earlier, according to a report released by the Beijing-based Zero2IPO Research.

Among them, 23 were yuan-denominated funds which raised US$787 million, or 65.6 percent of the total proceeds, data showed.

Capital raised by 14 growth funds amounted to US$635 million, accounting for 52.9 percent of the total, followed by US$394 million raised by five seed funds and US$140 million by five merger and acquisition funds. There was one real-estate fund that raked in US$30 million.

Despite the decline, the research agency expected the PE/VC market will remain robust in 2015 as new funds are popping up.

Newly-established PE/VC funds totaled 24 in January, planning to raise a combined US$21.2 billion, according to the report. 




 

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