Legend Capital raises $270m

The Beijing-based asset manager closes a secondaries fund.

Fund name: LC Healthcare Continued Fund I
Fund size: $270 million
Stage of fundraising: Final close
Time on the road: 2 months
Legal counsel: Gibson Dunn
Financial Advisor: Lazard

Legend Capital announced its final close on LC Healthcare Continued Fund I on $270 million. The fund will invest in a secondaries transaction that involves healthcare portfolios in China of two older vintage funds, provides liquidity and enhances returns for existing investors by maximising the value of the fund’s portfolio with new follow-on capital.