Jack Ma’s Yunfeng Capital in the market to raise new PE fund
Yunfeng Capital co-founder Jack Ma. Photo: Drew Angerer/Bloomberg
Yunfeng Capital, a private equity firm co-founded by Alibaba’s Jack Ma, has hit the market again to raise its fourth PE fund, less than three years after raising $2.5 billion for Yunfeng Fund III.
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Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in 2020 and 2019.
