China’s FountainVest Partners plans to raise $414m RMB Fund II for growth-stage deals

China’s FountainVest Partners plans to raise $414m RMB Fund II for growth-stage deals

Photo by Eric Prouzet on Unsplash.

Chinese private equity (PE) firm FountainVest Partners is targeting to raise 3 billion yuan ($413.9 million) for its second RMB-denominated fund, the firm disclosed in a statement on Tuesday.