China Life injects $315m into CITIC PE's RMB fund
China Life Insurance has injected RMB2 billion ($315 million) into CITIC Private Equity's renminbi-denominated fund. It comes after the insurance giant invested RMB1.5 billion in Hony Capital's most recent vehicle, a source close to the fundraising activity confirmed to AVCJ.
CITIC Private Equity is currently raising a new renminbi-denominated fund with a target size of RMB12 billion - the successor of Mianyang High Technology Industrial Fund closed in 2010. China Life's commitment...
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