CITIC PE raises $990m second fund
China-focused CITIC Private Equity Funds Management (CITIC PE), has closed its second fund, the CPEChina Fund, L.P., with $990 million of committed capital.
The vehicle’s predecessor, the Mianyang Private Equity Fund, closed in December 2009 with RMB9 billion ($1.4 billion) of committed capital. CITIC PE said in a release that the strong demand from...
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