Citic Private Equity targets $1.9b RMB fund
Citic Private Equity Funds Management, the PE unit of Citic Securities, has launched its third private equity fund and is aiming to raise RMB12 billion ($1.9 billion). It is expected to target industries including financial services, retail, pharmaceuticals, manufacturing, energy and materials.
The new vehicle will be managed alongside Citic's existing RMB9 billion renminbi-denominated fund and its $1 billion US dollar fund, Reuters reported, citing two people familiar with the firm's plans....
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