Renminbi fund-of-funds: Commercial remit
Renminbi-denominated fund-of-funds have found a new lease of life in China as new private sector entrants and reformed state-backed incumbents look to tap a growing domestic LP base
With a new renminbi-denominated fund currently in the market, CITIC Capital has been pleasantly surprised by the increasing maturity of domestic LPs. The National Social Security Fund and state-owned enterprises...
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