25-Jul-19, Deal Street Asia
China-based venture capital firm Shenzhen Capital Group has launched a 2 billion yuan ($291 million) healthcare fund aimed at investing in companies that seek to disrupt the current healthcare pattern in the country.
%20Reuters_Bobby%20Yip_Deal%20Street%20Asia.jpg "Chinese VC firm Shenzhen Capital launches USD291 mn healthcare fund (c) Reuters Bobby Yip Deal Street Asia")
Image: Reuters / Bobby Yip / Deal Street Asia
Shenzhen Capital said the debut healthcare fund would raise 800 million yuan ($116 million) in the first close of the fundraising. The debut healthcare fund has already secured capital commitments from state-owned Shenzhen City Guidance Fund Investment, Ping An Real Estate Investment, Industrial Bank, Chinese private equity firm Before Capital, and Kunpeng Capital.