HONG KONG: China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2bil in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second largest economy.
The firm, co-founded by the former head of Warburg Pincus Asia Pacific, David Li, said in a statement that Centurium Capital Partners 2018 LP raised the sum in US dollars.
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