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    Home»Funds»Ant investor Boyu Capital targets $6 billion for new private equity fund
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    Ant investor Boyu Capital targets $6 billion for new private equity fund

    February 24, 20211 Min Read
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    Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said.

    Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one of the people, who declined to be identified as the information is confidential.

    The fundraising by a firm widely associated with tech startups amounts to a high-profile test of investor appetite at a time when heightened oversight of China’s tech giants clouds the near-term outlook of those companies.

    Read more/Source: Yahoo Finance

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