AsiaBridge Capital to raise $250m for second fund

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beijing wall china_sqBeijing-based firm AsiaBridge Capital is reportedly preparing to launch a $250m second fund targeting Asian businesses operating in consumer-related sectors.

The firm has not yet started the fundraising and plans to hold a first close of $100m this year, said Dow Jones, citing a person familiar with the situation.

Some of the LPs that backed AsiaBridge’s $100m first fund have already agreed to participate in the new vehicle.

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