China's InnoVision seeks $250m for third fund
InnoVision Capital, a Chinese private equity firm founded by Lane Zhao, who was one of the original members of KKR’s China team, is targeting USD 250m for its third fund and first US dollar-denominated vehicle.
Zhao told Mergermarket, AVCJ’s sister title, that a first close of USD 90m came at the end of 2021. The hard cap has been set at USD 300m. The firm, which was established in 2016, has about CNY 16bn...
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