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China's Triniti targets $290m fund to back chip companies

Fund also has mandate to invest in display technologies and new energy

Chinese investment firm Triniti Capital has secured a commitment to its latest fund from an industrial park developer jointly established by the governments of China and Singapore.   © Reuters

HONG KONG -- Triniti Capital, a Chinese investment firm focused on technologies such as semiconductors and energy storage, is in the market to raise a new fund targeting 2 billion yuan ($290.5 million).

The fundraising plan comes around a year after Beijing-headquartered Triniti Capital held the first close of its third yuan-denominated fund at 1 billion yuan.

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