China's Yuexiu Industrial Fund invests in Firstred Capital's M&A vehicle

China's Yuexiu Industrial Fund invests in Firstred Capital's M&A vehicle

Liede Bridge, Guangzhou, China. Source: Lycheeart/Unsplash

Chinese private equity fund manager Yuexiu Industrial Fund announced on Monday that it has invested in a mergers and acquisitions (M&A) fund launched by Firstred Capital, which brought the total capital so far raised by the fund to 6 billion yuan ($885 million).