HONG KONG (Reuters) - New Horizon Capital, whose co-founders include Wen Yunsong, son of Chinese Premier Wen Jiabao, aims to raise a $1 billion private equity fund for investment in domestic industry leaders ready to make initial public share offerings.New Horizon Capital recently completed raising between $600 million and $700 million by the so-called "first-closing" period, with capital commitments from Asian investors including Japan's Softbank Corp and Singapore's state investor Temasek Holdings, said the sources. Full Story
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