GCP-backed Lok Capital holds first close of $276m maiden new energy fund

GCP-backed Lok Capital holds first close of $276m maiden new energy fund

(From left to right) Ming Z. Mei, co-founder and CEO of GLP; Li Wenxuan, chairmain of PCG Power and founding partner of Lok Capital; Wang Yu, founding partner of Lok Capital; and Angela Zhao, co-president, logistics and industrial real estate, GLP China, pose for photos at the opening ceremony of Lok Capital. Photo from Lok Capital's official WeChat account

Lok Capital, a nascent new energy asset management platform in China, on Wednesday, announced the first close of its maiden fund, for which it targets to raise 2 billion yuan ($275.6 million) in total.

Edited by: Padma Priya