HomeEconomyLVMH-backed L Catterton plans to raise 2 billion yuan in first yuan... Economy LVMH-backed L Catterton plans to raise 2 billion yuan in first yuan fund By hossam a October 31, 2022 0 141 views Share FacebookTwitterPinterestWhatsApp Dollar /CNY +0.% Add to Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please enter the name of your portfolio type: purchase Sell date: ) quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 44 1: 1: 10 26111: 25 Committee: 275 2111 CREATE NEW WATCH LIST CREATE 2751000 50 Create a New Holding Portfolio Add Create 275200 1000 + Add another position to close BEIJING/HONG KONG (Reuters) – Private equity firm backed by luxury goods empire Louis Vuitton Moët Hennessy L Catterton said Monday that it aims to raise 2 billion yuan ($ . million) as its first RMB fund because it has an early vision – a staged investment in China. said L Catterton, who invested in Chinese soft drink brand Yuanqi Forest and high-end pet food supplier Shanghai Inova Pet Products Co. , the new fund has received funding from unidentified locals. Chinese government agencies and international and overseas companies in the consumer sector. has completed the first phase of the closing RMB fund, and the first phase will focus on investing in early-stage companies in the consumer sector, according to L Catterton A statement in Chinese on the social media platform WeChat. A person familiar with the matter said the new fund had raised “about 1 billion yuan” by the close of trading on its first day. Private equity funds typically start investing after the first close, when they have received their first round of commitments from investors . L Catterton declined to comment on Reuters’ request. said the first phase of the fund will be based in the southwestern Chinese city of Chengdu. ($1=7.100 50Chinese Yuan Chinese Yuan) Share FacebookTwitterPinterestWhatsApp Previous articleBitcoin Price Lacking Momentum Above $21k, BTC Holders Are Safe: Here’s WhyNext articleNokia G60 coming soon in India hossam a RELATED ARTICLES Economy ECB tightening cycle nears end, but still in final stages, says De Guindos June 1, 2023 Economy Sri Lanka cuts 250 bps, marks rebound from crisis June 1, 2023 Economy Analysis – Struggling Chinese local governments find funding loophole, life-saving straw in 'pearl debt' June 1, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline? June 1, 2023 XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation June 1, 2023 Super Mario Bros. jumps back to No. 1 in Japan, Louvre's live-action Lohan hits No. 3 June 1, 2023 ECB tightening cycle nears end, but still in final stages, says De Guindos June 1, 2023 Load more Featured NEWS Switzerland cuts growth forecast amid energy risks and inflation September 20, 2022 Magliano Fall 2023 Menswear January 15, 2023 Marketmind: Japan opens a new chapter, maybe an era April 23, 2023 How the Hairstylist Behind Lil Kim and Mary J. Blige's Iconic '90s Haircut Changed Fashion Forever April 7, 2023 Load more
