CITIC Capital targets $1.5b for China fund
CITIC Capital Partners is targeting $1.5 billion for its latest China-focused private equity fund, having combined the teams that previously pursued separate China and international strategies.
The GP is looking to raise a $1.2 billion US dollar-denominated portion and a further $300 million in renminbi, according to a source familiar with the situation. This dual-tranche approach leverages measures...
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