China's Legend Capital launches sixth RMB fund, looks to raise $1.5b

China's Legend Capital launches sixth RMB fund, looks to raise $1.5b

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Legend Capital, a Chinese venture capital (VC) and private equity (PE) fund manager, has debuted its sixth RMB-denominated fund in eastern China’s Suzhou City, Jiangsu Province targeting 10 billion yuan ($1.5 billion).