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Canadian fund manager leads Chinese rental platform's US$150M financing

Mofang Gongyu raised US$150 million at the completion of its series D financing that was led by Canadian institutional fund manager Caisse de dépôt et placement du Québec.

The Chinese serviced apartment operator and developer also lists Avic Trust Co. Ltd. and Warburg Pincus & Co. as investors.

The Shanghai-based company also known as Mofang Apartment operates 150 apartment complexes in various Chinese cities and has a total funding amount of US$650 million, according to Crunchbase.