Investor hopes high for Citic Capital’s new $2.8b fund
The Chinese alternative investment manager has closed its fourth China buyout fund with strong institutional backing despite the backdrop of an escalating trade war.
Citic Capital has reached the final close of its fourth China buyout fund, which has amassed $2.8 billion from new and repeat investors – and China’s current economic woes may provide it with ample deal opportunities.
A large number of investors, or limited partners (LPs), in Fund IV backed previous funds and were so pleased with the returns that they have committed capital to this latest fund as well, two people familiar with the matter said.
Canada Pension Plan Investment Boar…
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