Legend Capital Raises $400m for New Fund
Filed in archive Private Equity by Greg Cruey on July 13, 2008
PE Hub said this week that Legend Capital has raised $400 million for a private equity fund focused on technology, media and telecom in China.
Legend Capital's parent company, Legend Group, is based in Hangzhou. They own Lenovo Group Ltd, China's top PC maker. Legend Group invested about $160 million in the new fund, according to Legend Group Managing Director Chen Hao.
Legend Capital expects to put 60% to 70% of the new fund into China's technology, media and telecom sector. The remaining money will probably fund projects in consumer services.
© Adventure Factbook of Cili & Krisztián
Legend Capital's parent company, Legend Group, is based in Hangzhou. They own Lenovo Group Ltd, China's top PC maker. Legend Group invested about $160 million in the new fund, according to Legend Group Managing Director Chen Hao.
Legend Capital expects to put 60% to 70% of the new fund into China's technology, media and telecom sector. The remaining money will probably fund projects in consumer services.
© Adventure Factbook of Cili & Krisztián
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