Harvest Capital Reaches USD447 Million First Close for Consumer Services Fund

Source(s): Harvest Capital, China Money Network | Author(s): Eudora Wang

China-focused private equity fund manager Harvest Capital has reached a first close for Harvest (Tianjin) Consumer Service Industrial Investment Fund with CNY3 billion (approximately USD447 million) in capital commitments. The fund will target China-based consumer services companies, aiming to take advantage of growing personal consumption trends.