PE Hub said this week that Legend Capital has raised $400 million for a private equity fund focused on technology, media and telecom in China.

Legend Capital's parent company, Legend Group, is based in Hangzhou. The own Lenovo Group Ltd, China's top PC maker. Legend Group invested about $160 million in the new fund, according to Legend Group Managing Director Chen Hao.

Legend Capital expects to put 60% to 70% of the new fund into China's technology, media and telecom sector. The remaining money will probably fund projects in consumer services.


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