China-Focused PE Firm FountainVest Partners Closes Debut RMB Fund At $246M

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China-focused private equity firm FountainVest Partners, which has nearly US$4.5 billion in assets under management across three USD-denominated funds, has reached the final close of its debut RMB fund at RMB1.7 billion (US$246.5 million), said FountainVest Partners on its official WeChat account on December 17.

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