China's Orient Jiafu holds first close of Fund V at $110m, targets $157m

China's Orient Jiafu holds first close of Fund V at $110m, targets $157m

Photo by Josh Appel on Unsplash

Orient Jiafu Asset Management, an investment firm in China, has made the first close of its fifth fund at over 700 million yuan ($109.7 million) with a target to raise 1 billion yuan ($156.7 million) in total, the firm announced on Thursday.