CITIC Capital raises $1.57b for US dollar tranche of China fund
CITIC Capital Partners has closed the US dollar-denominated portion of its latest China fund at the hard cap of $1.57 billion after about one year in the market. The renminbi tranche is still being raised, with a target of RMB3 billion ($439 million).
The fund launched in April last year, initially seeking $1.2 billion for the US dollar pool, known as CITIC Capital China Partners III, and approximately $300 million for the renminbi pool. The target...
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