China Merchants raising first foreign-asset PE fund
The private equity arm of the mainland group targets $500 million for the first close of a strategy that will largely invest in Asia and Europe. It ultimately hopes to raise $5 billion.
China Merchants Group’s private equity arm hopes ultimately to raise $5 billion for a fund that will be its first to allocate overseas, AsianInvestor has learned. Whether it does so will be conditional on the performance of its initial investments, noted sources.
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