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Chapter 100: The Private Equity Fund Launch
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... further. By the afternoon of the same day, all 34 subscriptions—totaling $68 million, along with $1.36 million in management fees—were transferred into the account.
Lu Liang himself subscribed to 16 shares, contributing $32 million and $640,000 in management fees. With this, the $100 million target was met, and the fundraising period concluded within a single day.
The next day, he went to meet Liu Changqing at the Industrial and Commercial Bank of China (ICBC). Using the $100 mi ...
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