Its valuation had since exploded to 3 billion US dollars, a more than tenfold increase from the original acquisition price.
Although the first fund hadn't been settled yet, numerous family offices were already contacting Lu Fang.
They all wanted to be among the limited partners for Jinshi Capital's second fund.
Qi Sheng directly raised the size of the second fund to 10 billion US dollars, sending shockwaves through the investment world.
A ten-billion-dollar fundraise—in US dollars, no less.
Even though Jinshi Capital's first fund had an astonishing track record, many interested limited partners began to hesitate.
Normally, fundraising scales up gradually.
But Jinshi Capital went ahead and made theirs ten times larger than the first fund.
While some hesitated, others were decisive.
People like Wang Han, Fu Songyang, Xu Yi, and even his soon-to-be father-in-law, Jiang Haoyuan, all supported Jinshi Capital's second fundraise without hesitation.
