CITIC Capital Reaches US$1.3 Billion First Close for Fourth U.S. Dollar-denominated China Fund (Asia)
Source(s): Asian Venture Capital Journal | Author(s): Tim Burroughs
China-focused private equity fund manager CITIC Capital Partners has reached a first close for its latest U.S. dollar-denominated China fund with US$1.3 billion in capital commitments. CITIC Capital Partners IV is reportedly targeting a final close of US$2 billion.