CDH closes $525m renminbi mezzanine fund
China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
The fund has received commitments from 17 institutional LPs, 10 of which are Chinese insurance companies. They include People's Insurance Company of China (PICC), ICBC-AXA and Huatai Insurance. Chinese...
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