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LVMH-backed L Catterton aims to raise 2 billion yuan in first yuan-denominated fund

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USD/CNY +0.42% Add to/Remove from Watchlist BEIJING/HONG KONG (Reuters) -L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) for its first yuan-denominated fund, as it eyes early-stage investments in China. L Catterton, which has invested in Chinese soft drink brand Genki Forest and premium pet food provider Shanghai Enova Pet Products, said the new fund has received capital from unidentified local Chinese government body and international and overseas companies in the consumer sector. The yuan-denominated fund, for which the first-close has completed,…

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