HONG KONG -- China's Yuexiu Industrial Fund, a private market investor that has committed to funds managed by HongShan and CICC Capital, is planning to launch a 2 billion yuan ($274.2 million) new secondary fund.
Yuexiu Industrial Fund, a subsidiary of the publicly listed Guangzhou Yuexiu Capital Holdings Group, said in a statement that the new secondary vehicle will help the firm "speed up investments in high-quality assets, optimize asset allocations, and improve capital recovery from fund investments."
