Yao Ming, a delegate and a former NBA player arrives near the Great Hall of the People before the opening session of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, China, March 3, 2017. REUTERS/Thomas Peter
HONG KONG (Reuters) - Yao Capital, the Chinese private equity firm co-founded by former NBA superstar Yao Ming, said it aims to raise $250 million (194.98 million pounds) for its first U.S. dollar fund that will invest in overseas sports assets with relevance to the Chinese market.
The firm is in talks with prospective international investors, including university endowments and private wealth managers, about the fund which it plans to launch this year, co-founder and CEO David Han told Reuters in an interview late on Friday.
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