Legend Capital targets $1.55bn

The Beijing-based asset manager has launched its sixth yuan-denominated fund.

Fund name: Legend Capital RMB Growth Fund VI
Target size: 10 billion yuan
Launch date: February 2021

Legend Capital is targeting 10 billion yuan ($1.55 billion; €1.28 billion) for its RMB Growth Fund VI. Capital raised by the vehicle will be used to invested in the industrial chain of chips and semiconductors, new energy vehicles and consumer electronics in China.