CITIC Capital

Trustar Capital Partners V will close just shy of its $1.3bn target, PEI understands.

Among domestic managers only Baidu Capital, Boyu Capital and China Development Bank have raised larger vehicles.

The alternative investment management and advisory company closes its largest private equity fund to-date.

Investors could become more lukewarm on China private equity amid the combination of geopolitical and growth fears, director Willa Hong told PEI.

The private equity firm's founder and chief executive, Yichen Zhang, says that while China’s private equity industry is shifting to buyouts, the absence of operating talent still remains a challenge.

Funds with a final target size of $1bn or more accounted for 62% of capital raised in 2017.

Where do GPs see opportunities? How much will LPs commit over the next two years? How are EM funds performing? Private Equity International crunches the key numbers.

Chinese regulator CIRC has issued a circular calling for insurers to review the impact private equity investments have on their ‘solvency and overall returns’.