Hony Capital raises $4b for new USD, RMB funds
Beijing-based Hony Capital, one of China’s largest private equity firms, has raised close to $4 billion from investors for two separate vehicles, both double the size of their respective predecessors.
Hony announced Thursday that it had closed its fifth US dollar-denominated fund at $2.4 billion and collected a total of RMB10 billion ($1.6 billion) for its second renminbi-denominated fund. The dollar...
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