Fosun's venture capital affiliate is raising cash from external investors for the first time, and has pulled in $186m for the first close of its newest fund.
Fosun RZ Capital, the venture capital affiliate of diversified China-based conglomerate Fosun, has raised RMB1.3bn ($186m) for the first close of its latest fund, DealStreetAsia reported today, citing PEdaily.
The vehicle, described by DealStreetAsia as a ‘sci-tech innovation fund’, has a RMB2bn target for its close and has secured undisclosed companies and government-led funds as limited partners.
Founded in 2013, Fosun RZ maintains offices in the United States, India, Israel and Singapore as well as in its home country of…
