LVMH-backed L Catterton seeks to raise $275m for first yuan-denominated fund

LVMH-backed L Catterton seeks to raise $275m for first yuan-denominated fund

Shanghai, China. Photo by Javier Quiroga on Unsplash

L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) for its first yuan-denominated fund, as it eyes early-stage investments in China.