Fundraisers

Yingke Private Equity raises $1.57bn

The Shanghai-based private equity firm has closed its latest fund.

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Fund name: Yingke Technology Innovation Industry Fund
Fund size: 10 billion yuan
Stage of fundraising: Final close

Yingke Private Equity announced the final close on its Yingke Technology Innovation Industry Fund on 10 billion yuan ($1.57 billion; €1.29 billion). Capital raised for the fund will invest in early stage start-up companies focused on biomedicine and hard technology.