CPE backs Adamas China credit fund, first close expected by end of August
China Private Equity Investment Holdings (CPE) is to invest $1 million in Adamas Asset Management's $275 million Greater China Credit Fund. The vehicle has received commitments from around 35 LPs and is on course to reach a first close of $78 million by the end of August.
A final close is expected within 12 months. The fund targets high-return investments in small- to medium- sized enterprises (SMEs) in Greater China across sectors such as agriculture, natural resources,...
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