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Private equity and venture capital firms report surge in funds raised

China-focused private equity and venture capital firms reported a surge in funds raised last month despite the week-long Spring Festival holiday, an industry report said today.

Twenty private equity and venture capital funds raised a combined US$3.7 billion in February, up 122.5 percent from a year earlier, according to a report released by Beijing-based Zero2IPO Research. The proceeds increased by 209 percent from a month earlier, data showed.

Among them, 19 were yuan-denominated funds that accounted for 79 percent of the total.

Infrastructure funds accounted for US$1.63 billion, or 44 percent of the total, followed by growth funds at US$1.46 billion and real estate funds at US$387 million, according to the report.




 

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