Chinese investment firm V-Capital secures $235m for new RMB fund

M&A and private investment-focused V-Capital, which was incubated by Shenzhen-listed Huaxi Holding in 2015, on Monday announced that it has secured as much as 1.5 billion yuan ($235 million) for a new RMB-denominated fund. The firm did not specify if the fund had reached the final close. The fund attracted commitments from a slew of government-led industry funds and state-backed conglomerates apart from its existing limited partners (LPs). V-Capital plans to invest in sectors such as healthcare, TMT, culture services, semiconductor, new-generation information technology, smart manufacturing, new energy, among others. V-Capital manages over 20 billion yuan ($3.1 billion) in assets….