Legend Capital hits $400m for seventh fund

Apr 4, 2017 • Robert Lavine

Legend Holdings' venture capital arm has closed its latest fund after reaching its $400m hard cap.

Legend Capital, the venture capital firm formed by China-based conglomerate Legend Holdings, has raised more than $400m for its seventh fund, Private Equity International has reported.

Founded in 2001, Legend Capital focuses on China-based companies and has a 300-strong portfolio. Its investments have included social media company Renren, on-demand ride service UCar, mapping technology developer AutoNavi and automotive marketplace Bitauto.

The $400m represents the fund’s hard cap, according to Private Equity International. Legend Capital has more than RMB30bn ($4.35bn) of…

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