Legend Capital closes secondary continuation fund in China

China finance

Legend Capital, a venture capital and growth investment firm in China, has closed the transfer of portfolio companies from LC Fund IV, a 2008 fund, into a USD200 million continuation vehicle.

Accounts managed by an affiliate of Hamilton Lane acted as lead investor in the transaction, with several other prominent institutional investors participating in the syndicate. The investors also committed follow-on capital for strategic investments in the portfolio companies.

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