Citic Launches $773M Mezzanine Fund

The private equity arm of China’s Citic Securities Co. has launched a 5 billion yuan ($773 million) mezzanine fund, Reuters reported. The fund will supply financing for acquisitions, Reuters wrote. Citic Private Equity Funds Management currently manages two funds: a 9 billion yuan local-currency fund and a $1 billion dollar-denominated fund.

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