Glory Ventures completes RMB 700m over-raising fund and second phase of US dollar fund

2020-05-19
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ChinaPEVC

Today, Glory Ventures announced that the third phase of the RMB fund will complete on December 31, 2019, and it will achieve an over-raising with a scale of 682 million yuan.


In addition, it completed the delivery of a second-phase US dollar fund in April 2020, with a target size of US $ 100 million.


After the fundraising was completed, Glory Ventures managed three phases of RMB funds and two phases of US dollar funds, with total assets under management exceeding RMB 1.5 billion equivalent.


According to reports, the fundraising of RMB funds took about one year from the start to the final delivery, and the fundraising of US dollar funds took about half a year from the official start to the first delivery.


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