Hony Capital Raises $4B from Investors

Chinese private equity firm Hony Capital said Thursday that it had raised nearly $4 billion for two new funds, Reuters reported. The firm sealed $2.4 billion for its fifth dollar fund and $1.6 billion for its second local currency fund. Those numbers are almost double the sizes of previous dollar and yuan funds for Hony Capital, which is backed by Legend Holdings Ltd., Reuters wrote.

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