Hony set for $2.7b close on latest China fund
China-focused GP Hony Capital has raised $2.7 billion for its latest fund, with the formal closing expected to happen next week. The firm reached a first close of $1 billion in late 2015.
The fund - known as Hony Capital Fund VIII - has a main corpus of $2.2 billion plus a separate account worth $500 million, according to a source familiar with the situation. This appears to be roughly...
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