PE, VC markets raise $6.9 billion in April

Thirteen funds in the Chinese private equity and venture capital markets raised a total $6.9 billion in April, 2.14 times that in the same period last year, a report from Zero2IPO said on May 7.

The largest gainer last month was RRJ Capital Master Fund II, which raised $3.5 billion.

Five funds related to urbanization raised a total $912 million.

The new-pattern urbanization encouraged by the Chinese government pays attention to consumption upgrades and city planning. In addition to property development and infrastructure, the sectors of health, consumption and urban planning will also benefit from it.