Citic Securities Closes $1B Dollar-denominated Fund

The private equity unit of China’s Citic Securities Co. has closed a dollar-denominated fund worth roughly $1 billion, Reuters reported. The CPEChina Fund inked $990 million from 39 overseas limited partners, the firm said in a statement, though it declined to name specific LPs. The fund will focus on Chinese companies in industries including manufacturing, technology, financial institutions and services, energy, resources, healthcare, consumer goods and retail, Reuters reported.

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