V-Capital raises $235m

The Shanghai-based private equity firm holds a first close on its latest fund.

Fund name: V-Capital RMB Fund
Fund size: 1.5 billion yuan
Stage of fundraising: First close

V-Capital announced the first close on its V-Capital RMB Fund on 1.5 billion yuan ($236 million; €193 million). Capital raised for the vehicle will invest in mid- to late-stage companies focused on healthcare, TMT, cultural services, integrated circuit semiconductors, information technology, smart manufacturing and renewables sectors in China.