China Renaissance Holdings Ltd. has closed its Huaxing Growth Capital’s USD Fund III with more than $600 million in capital from a wide range of investors, including sovereign wealth funds, commercial banks, fund of fund and family offices across Europe, Asia and the Middle East.
After the final close of USD Fund III, Huaxing Growth Capital's single investment size can be up to $50 million, officials announced. The fund is set to focus on New Economy growth-stage companies that are benefiting from the structural evolution of technological innovations, consumption upgrade and industrial transformation . . .
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