Legend Capital to operate third healthcare fund

May 21, 2018 • Robert Lavine

The $157m fund will be the Legend Holdings-backed venture firm's second RMB-denominated healthcare fund and its third overall.

Legend Capital, the China-based venture capital firm formed by conglomerate Legend Holdings, has closed its third healthcare-focused fund at RMB1bn ($157m), China Money Network reported today, citing Legend Capital’s WeChat account.

Founded in 2001, Legend Capital oversees multiple dollar and renminbi-denominated funds, with a total of some $5.5bn under management. The latest fund will be its second RMB-denominated healthcare fund, in addition to a $250m dollar fund closed in 2016.

The fund will make early and later-stage investments in technologies…

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