China’s Riverhead Capital closes second RMB fund at nearly $295m

China’s Riverhead Capital closes second RMB fund at nearly $295m

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

Riverhead Capital, the private equity (PE) arm of Chinese insurance provider Sunshine Insurance Group, has closed its second RMB fund at 2 billion yuan ($295 million).

Edited by: Pramod Mathew