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 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.

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.

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