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Country Garden Venture Capital raises $216m

The China-based investment firm has held a first close on its real estate industry chain vehicle.

  • Fund name: Real Estate Industry Chain Empowerment Fund
  • Target size: 5 billion yuan
  • Amount raised: 1.5 billion yuan
  • Stage of fundraising: First close
  • First close date: August 2020

Country Garden Venture Capital has held a first close on Real Estate Industry Chain Empowerment Fund on 1.5 billion yuan ($215.6 million; €182.5 million). The fund targets sectors in China relating to the real estate industry chain, including manufacturing, architectural decoration and construction technology.