China-focused BAI Capital raises $700m for latest PE fund

China-focused BAI Capital raises $700m for latest PE fund

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

China-focused fund manager BAI Capital, formerly Bertelsmann Asia Investments, has announced the final close of its latest private equity (PE) fund and its related investment vehicles at $700 million.