PE, VC funds raise US$3.96b, report says

By Ye Zhen | April 2, 2014, Wednesday |

Online Edition

China-focused private equity and venture capital funds recorded a more than eightfold expansion in March as industry sentiment recovered with the resumption of initial public offerings, according to a private report.

A total of 29 China-focused PE/VC funds raised US$3.96 billion in March, a surge of 845 percent from a year earlier, the Zero2IPO Research Center said in a report today. Newly raised funds represented a 137 percent rise from February.

“China’s PE/VC industry is showing signs of recovery as the restart of IPOs in January provides stimulus,” Ma Li, analyst with the Zero2IPO, said in the report.

Twenty-three of the 29 funds are yuan denominated. They raised a combined US$2.59 billion, or 65.5 percent of the total. The six foreign currency funds raised US$1.37 billion.

Seven new yuan funds were set up in March. The five that have disclosed funding targets plan to raise a total of US$931 million, said the report.

Finance

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PE, VC funds raise US$3.96b, report says

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