DCP closes debut China fund at $2.5b
DCP Capital – a PE firm established by David Liu (pictured) and Julian Wolhardt, who previously held leadership positions with KKR in China – has closed its debut fund with around $2.5 billion in commitments. It comprises a US dollar-denominated tranche of just over $2 billion plus a renminbi sidecar of $500 million.
The US dollar vehicle was significantly oversubscribed, DCP said in a statement, with strong demand from the likes of sovereign wealth funds, pension funds, fund-of-funds, endowments and family offices....
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