China distress specialist DCL targets $466m fundraise
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
A first close of unspecified size took place earlier this year, according to a source close to the situation. DCL has approximately RMB10 billion in assets under management across US dollar and renminbi...
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