Party, I see, raised capital (4)
I believe the answer is:
doha
'capital' is the definition.
(capital of Qatar)
'party i see raised' is the wordplay.
I cannot quite understand how this works, but
'party' could be 'do' (do is a kind of party) and 'do' is located in the answer.
'i' could be 'a' and 'a' is found within the answer.
A single letter 'h' remains which might be clued in a way I don't understand.
This explanation may well be incorrect...
(Other definitions for doha that I've seen before include "Trade round" , "Gulf resort" , "Capital of Qatar" .)