CITIC PE closes debut USD fund on $990m
CITIC PRIVATE EQUITY FUNDS Management (CITIC PE) has closed its debut US Dollar fund, CPEChina Fund, L.P., on $990 million of committed capital. The closing comes at a time when interest in China-focused funds, especially those denominated in RMB, are at an all time high.
CITIC PE launched half of the fund in the first half of 2010, targeting $800 million. A first close was quickly achieved in October 2010, followed by a second close completed in December 2010. The final...
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