CITIC PE to launch $773m mezzanine fund
The private equity unit of CITIC Securities is looking to tap into debt finance by launching a RMB5 billion ($773 million) mezzanine fund, Reuters reported.
Zhonghong Real Estate apparently plans to invest RMB100 million in the fund, which would provide financing for acquisitions as well as resources and property companies, the company said in an exchange...
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