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The Hong Kong-based firm completed fundraising for its US-dollar denominated portion but is still in market to raise the yuan tranche.
Andrew Huang, a veteran dealmaker at Goldman Sachs, has joined the Hong Kong-based firm as managing director.
The Beijing-headquartered firm made the investment from its $250m healthcare-focused fund.
The firm’s investment will be used to further institutionalise and expand the business in China.
The firm has teamed up with the internet giant Tencent to back China’s first “unicorn” in online tutoring.
The Chinese sovereign wealth fund is on track to beat out Singapore’s state investment firm Temasek and fellow logistics giant GLP to buy Europe’s biggest logistics firm from Blackstone.
China private equity is maturing and GPs are shifting into control deals, but not all are ‘truly experienced’, say Asia-based LPs.
The Chinese pair have acquired the sexual wellness unit of Australian healthcare company Ansell and plans to expand the company in emerging markets.
The Beijing-based firm will gain $730 million from the sale.
The Hong Kong-headquartered private equity firm has hired former Simon Murray & Company senior executives, Hamilton Tang and Yinghai Xie, as managing directors.
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