Zero2IPO Floats Renminbi PE Fund

Zero2IPO has launched its first private equity fund of funds, denominated in Chinese currency, AltAssets reports. The Chinese research and investment business is seeking a close of $307 million and a final close of $768 million.

The firm has appointed former general manager of asset operations at Chinese Academy of Sciences Holdings, Shen Da, to be the managing director of the Zero2IPO Investment. Robin Zhu, former vice president of Zero2IPO’s research division, will be vice president of the fund.

Click here for the story from AltAssets.