CDH Investments Participates in a Funding Round for Lufax (Asia)

Source: Asian Venture Capital Journal | Author(s): Tim Burroughs

Shanghai Lujiazui International Financial Asset Exchange (Lufax), a China-based peer-to-peer lending platform, has raised RMB3 billion (approximately US$489 million) in a funding round led by BlackPine Private Equity Partners, a China-focused special situations and growth capital fund manager. China-focused private equity and venture capital firm CDH Investments and the private equity arm of China International Capital Corporation (CICC) also participated in the round, with CDH investing a reported US$60 million and BlackPine and CICC contributing the remainder.