A second US-China Green Fund equipped with $350m to $400m is expected to launch later this year with the backing of Chinese Academy of Sciences.
Chinese Academy of Sciences (CAS) is anticipated to back the second renminbi-denominated fund of cross-border investment vehicle US-China Green Fund, DealStreetAsia reported on Friday.
The fund is expected to meet its initial $350m to $400m target by the end of 2019, followed by a final close of $700m to $800m at an unspecified date.
US-China Green Fund is pursuing several LPs, including CAS, from its first $550m fund, having already signed up unnamed China-based financial institutions, provincial governments…
