Legend Capital Raises $500M Sixth US Dollar Fund


Beijing-based Chinese venture capital firm Legend Capital has reached a final close of US$500 million for its sixth U.S. dollar fund, according to media reports.

Legend Capital Fund VI began fundraising in January. The vehicle attracted existing investors of its previous funds, including Texas County & District Retirement System (TCDRS).

Legend Capital is the venture capital arm of Chinese conglomerate Legend Holdings, Ltd. It managed a total of US$2.2 billion across five U.S. dollar funds and two RMB funds before the latest fund.

Legend Holdings and the National Social Security Fund of China are two of Legend Capital’s existing limited partners (LPs), but it’s unclear if the two participated in the latest fund.

China Expert Network
 
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