Legend Capital caches $243m for Fund VII

Feb 6, 2017 • Robert Lavine

The Legend Holdings-backed firm has raised $243m of a targeted $375m for its latest fund, a US securities filing has indicated.

Legend Capital, the venture capital firm formed and sponsored by China-based conglomerate Legend Holdings, has raised $243m for its latest fund, according to a regulatory filing in the US.

LC Fund VII has raised the capital from a total of 23 limited partners according to the filing, and is targeting a final close of $375m. Legend Capital began raising money for the fund in February 2016.

Legend Capital was formed by its parent company, which also oversees consumer electronics producer…

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