Dayone Capital raises $630m

The Beijing-based investment firm closes its first USD fund.

Fund name: Dayone Capital Fund I
Amount raised: $630 million
Target size: $500 million
Stage of fundraising: Final close

Dayone Capital announced its final close on Dayone Capital Fund I on $630 million, surpassing the initial fundraising target of $500 million. The fund will invest in the consumer sector in China.