Domestic and foreign private equity and venture capital (VC/PE) institutions established 70 new VC/PE funds in China in December and increased capital by 16.161 billion U.S. dollars, according to data from Zero2IPO, a leading VC/PE service provider in China.
The capital raised was 5.3 percent down from the 17.062 billion dollars in November and 8.0 percent up from the 14.969 billion dollars in December 2014.
The newly established VC/PE funds in December included 63 RMB-denominated funds and 7 foreign currency-denominated funds, with target fund raising scale at 4.06 billion U.S. dollars and 12.101 billion dollars, respectively.
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