Legend Capital raises $423.1m

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Legend Capital has raised $423.1 million for its LC Fund VII, per a SEC filing. The Beijing-headquartered firm began fundraising in 2016 with a $375 million target. 

Its previous fund raised $500 million in 2014.

Investors that committed to LC Fund VII include the Atlantic-Pacific Capital.

The fund will target venture capital opportunities in technology, media, and telecommunications and consumer goods sectors in China.