Reuters India, 13 Jan 2009, Michael Wei
BEIJING, Jan 13 (Reuters) - New Horizon Capital, a China-focused private equity firm, said it had raised 1 billion ($146 million) for its first yuan fund to invest in defensive firms in a challenging economic environment.
New Horizon Capital has raised two U.S. dollar funds totalling $600 million since it was founded in 2005. Its investors include JPMorgan Chase (JPM.N: Quote, Profile, Research), Deutsche Bank (DBKGn.DE: Quote, Profile, Research) and Singapore state investor Temasek Holdings [TEM.UL].
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