Tian Tu Capital Co., Ltd. Class H (HK:1973) has released an update.
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Tian Tu Capital Co., Ltd., a prominent private equity investor and fund manager in China’s consumer sector, reported a significant loss for the first half of 2024, with a net loss of RMB 742,217,000, far exceeding the previous year’s loss. Despite this, the company oversees assets under management (AUM) totaling RMB 21.1 billion, with institutional investors and high-net-worth individuals contributing the majority of the capital to its funds. The average internal rate of return for the funds stood at 8.1% as of June 30, 2024.
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