CMC Capital Partners Reaches a US$350 Million First Close for Its China Media Fund (Asia)
Posted On: 07 Jul 2016 | Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
Media-focused alternative investment management company CMC Capital Partners has reached a first close for its second U.S. dollar-denominated China media fund with more than US$350 million in capital commitments. Existing investors accounted for the bulk of commitments. The fund has a hard cap of US$600 million and will focus on investments in the media, entertainment and technology sectors, with a particular emphasis on mobile technology.