HONG KONG: Hony Capital Ltd, the Chinese private-equity firm that bought UK restaurant chain PizzaExpress Ltd in 2014, raised US$2.7bil for a dual-currency fund intended to smooth the way for overseas and China-based investors to participate in the same deals, people familiar with the matter said.
Hony Capital has completed the fundraising, of which about 70% is in US dollars and the rest in yuan, one of the people said, asking not to be identified discussing private information.
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