Renminbi fund

Fundraising: Coming back slowly

AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.

Shanghai licenses Fosun-Carlyle RMB fund

The Carlyle Group and Fosun Group have obtained a business license from the Shanghai Administration of Industry and Commerce (SHAIC) to operate their JV Fosun-Carlyle (Shanghai) Equity Investment Fund, which is now officially allowed to make investments...

Blackstone secures three LPs for RMB fund

US investment giant the Blackstone Group has reportedly secured three investors for its first RMB fund; one of them reportedly the National Social Security Fund (NSSF), the PRC’s fast-growing national pension fund.

Carlyle partners with Fosun for RMB fund, JV

The Carlyle Group has signed a strategic partnership agreement with Fosun Group, the largest privately-owned investment conglomerate in China, to enhance their investment activities in the Greater China market. Both firms will jointly sponsor and manage...

ARC, Dalian launch maiden RMB fund

Dalian, a major city in northwestern China, will establish its first joint private equity fund with ARC China, a wholly-owned foreign enterprise focusing on investing in China's domestic consumption-oriented companies.

Chongqing fund hits hot sector in China – education

Chinese investment firm Huiou (Chongqing) Equity Investment Co. has launched the Education Equity Investment Fund, claimed to be China’s first education-focused fund, aiming to raise RMB5 billion ($735 million) for pre-IPO investments in the sector.

ARC partners with Westly for RMB cleantech

California-based venture firm Westly Group is partnering with ARC China Holdings, a Hong Kong-based fund manager, to launch an RMB-denominated private equity fund, in the continuing trend to create RMB partnerships between Greater China funds and foreign...