Capital Today to raise $600 mln for new China fund

HANGZHOU, China, July 10 (Reuters) - Capital Today, a China-focused private equity fund, said on Thursday it will soon finish raising nearly $600 million for a new fund emphasising retail, consumer and Internet-related investments in the world's fastest growing major economy.

Capital Today, whose major investors include the British government and the World Bank, currently manages a $280 million fund, of which $180 million has been spent on 12 projects, Kathy Xu, its managing partner, told Reuters on the sidelines of an industry forum.

The planned $600 million fund, whose limited partners are mostly major overseas institutions, will be the firm's second private equity fund, Xu said. (Reporting by George Chen and Helen Ding; Editing by Edmund Klamann)