Beijing-based private equity firm Primavera Capital Group raised about US$1.5 billion at the first close of its third U.S. dollar-denominated fund, AltAssets reported May 29 citing an AVCJ report.
Earlier in May, the Beijing-based private equity firm said it had raised US$490.5 million for the fund, which is called Primavera Capital Fund III.
The company is aiming to raise US$2.8 billion for the fund, AVCJ reported, citing unnamed sources.
