China’s CITIC Capital raises $2.8 billion in its biggest private equity fund
Thursday, August 08, 2019
(Reuters by Julie Zhu) – CITIC Capital, the flagship alternative investment arm of Chinese financial conglomerate CITIC Group [CITIC.UL], said it raised $2.8 billion in its fourth China buyout fund, bolstering its ability to cut deals in the world’s second-largest economy.
The CITIC Capital China Partners IV, the firm’s biggest private equity fund to date, received “strong” interest from a mix of existing and new investors including pension and sovereign wealth funds, insurers and family offices, CITIC Capital said in a statement on Thursday.
