China-focused Teng Yue Partners hits $22.6m initial close of PE fund

China-focused Teng Yue Partners hits $22.6m initial close of PE fund

Shanghai, China. Photo: Pen Tsai/unsplash

Teng Yue Partners, a China-focused investment management firm based in New York, has hit the first close of its second private equity fund with $22.56 million in commitments from 11 investors, according to its latest filing with the US SEC.