Primavera collects $400m towards first close
Wednesday, November 19, 2014
(PEI by Clare Burrows) Primavera Capital, a China-focused private equity fund, has raised at least $400 million towards a rolling first close on its latest private equity fund, people familiar with the matter revealed to Private Equity International.
It is understood that the fund, which is targeting $1.5 billion to invest in China-focused businesses, will keep the initial closing open for investors, anticipating to raise between $400 and $500 million before year-end – possibly surpassing the $500 million mark. The fund has no specified hard cap.
