Carlyle Seals $495M for China Fund

Buyout shop the Carlyle Group has closed on 3.2 billion yuan ($495 million) for its projected 5 billion yuan China fund, Beijing Carlyle Investment Center L.P., Reuters reported Thursday. The fund, launched last year, is the first foreign fund to be registered with China's National Development and Reform Commission, which means that it can pull from a wider pool of investors, Reuters wrote, including social security funds.

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