China's Legend Capital closes healthcare continuation fund after $270m secondary deal
China’s Legend Capital closes healthcare continuation fund after $270m secondary deal Photo by Hush Naidoo on Unsplash May 20, 2021 Legend Capital, a subsidiary of China’s Legend Holdings, announced that it has closed its healthcare continuation fund — LC Healthcare Continued Fund I — having raised $270 million from a secondary transaction. A continuation fund is a vehicle that takes on the portfolio assets of a vintage fund that is nearing the end of its lifespan. LPs are given the option to cash out, or to stay invested by recommitting to the new vehicle. The latest secondary tran...
Source: dealstreetasia.com