China's Fosun Group, Prudential to launch $600 million PE fund
China’s largest privately owned investment conglomerate, the Fosun Group, is to launch a private equity fund with US insurance giant Prudential Financial, with the latter committing $500 million to the vehicle while Fosun injects $100 million.
According to the companies, Shanghai-based Fosun will act as the fund's GP while Prudential will take the role of LP. No information has been released on its intended sector targets. Meanwhile, a Reuters...
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