China Media Capital Completes US$500M+ Phase II USD Fund Raising


By Vicky , PEdaily.cn

According to PEdaily.cn (WeChat ID: pedaily2012) on July 5, China Media Capital (referred to as CMC) announced the completion of phase II USD fund raising of over US$500M, reaching the ceiling goal of US$600M. The fund targets media and entertainment,Internet technology, live performance, lifestyle, and other fields.

 

 

It is reported that the investors consist of top international investment institutions and individuals from North America, Europe, Middle East and Asia and beyond, including public pension funds, sovereign funds, insurance companies, FOFs and family offices, etc.

 

 

 

In April 2009, CMC, the very first PE fund in culture industry approved by the NDRC, formed with the size of RMB5B.

 

 

 

Officially put into operation in 2010, CMC mainly focuses on domestic investment targets and also engages in cross-border investment and mergers and acquisitions. At present, CMC boasts two USD funds and two RMB funds, totaling RMB30B of AUM (the data is as of February 2016).

 

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