CITIC PE launches USD fund
CITIC Private Equity Funds Management – a separate entity to CITIC Capital Partners – is launching a dollar-denominated private equity fund, following the success of fundraising for its debut RMB vehicle, the RMB9 billion ($1.32 billion) CITIC Mianyang Private Equity Fund.
The new fund will apparently be targeting $500-800 million in commitments from global LPs to invest in China. CITIC Private Equity is a subsidiary of CITIC Securities, China’s top brokerage and an arm...
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