Record Funds Raised by Private Equity Firms and Venture Capitalists in China
A record US$72.5 billion was raised by private equity firms and venture capitalists in 2016, representing an annual growth of 49% from 2015. Yuan funds were valued at US$54.9 billion, a huge increase of 177% from a year ago. The total yuan funds has accounted for almost 76% of the total fund raising up from 40% in 2015.
“A record US$72.5 billion was raised by private equity firms and venture capitalists in 2016, representing an annual growth of 49% from 2015.”
~ South China Morning Post
Yuan funds has attributed to the majority of funds for the first time in 2016 for private equity and venture capital fund raising. This comes as China’s tighter foreign exchange control has made it more difficult for US dominated deals.
Related Report: South China Morning Post
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