Legend Capital has raised $1.1bn for its seventh US dollar-dominated fund, a month after hitting a $448m close just a month ago.
Legend Capital, the investment affiliate of China-based conglomerate Legend Holdings, has raised RMB8bn ($1.1bn) for its seventh fund, China Money Network reported today.
The news comes just one month after the LC Fund VII achieved a $448m close, more than the reported $400m hard cap. The vehicle had been launched in February 2016 with an initial target of $375, securing $243m within a year.
Founded in 2001, Legend Capital focuses on China-based businesses and has grown its…
