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IDG Capital eyes $2bn for growth fund

privateequitywire

2 months ago

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Hong Kong-based IDG Capital is seeking to raise approximately $2bn for a new growth fund focused on consumer technology and consumer-oriented businesses, according to a report by Bloomberg citing unnamed people familiar with the matter.
The firm, an early backer of companies including Tencent Holdings and Coinbase Global, is understood to have begun fundraising around two months ago and is targeting a first close before the end of 2026.
Bloomberg’s sources said the vehicle will primarily target...

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