NIO Capital Completes the Second RMB Fund at Over 3 Billion Yuan
SHANGHAI, Feb. 5, 2024 /PRNewswire/ -- NIO Capital has successfully completed its second Renminbi fund, raising over CNY 3 billion.
- SHANGHAI, Feb. 5, 2024 /PRNewswire/ -- NIO Capital has successfully completed its second Renminbi fund, raising over CNY 3 billion.
- The Limited Partner (LP) investors participating in the fund comprise RMB guidance funds, national-level funds, family offices and listed companies.
- Ian Zhu, Managing Partner at NIO Capital, said: "We are thrilled about the completion of RMB Fund II.
- Established in 2016, NIO Capital has raised five funds, including three in US dollars and two in RMB, bringing the total Asset Under Management (AUM) to 15 billion RMB.