BEIJING/HONG KONG (Reuters): Chinese private equity fund CMC Capital Group said it raised over US$950 million in its biggest private equity fund to date, bolstering its ability to cut deals in the world’s second-largest economy.
CMC Capital Partners III, the firm’s third dollar-denominated fund, surpassed its original target size after securing commitments from global investors, the firm said in a statement on Tuesday (Feb 25). It initially targeted about US$800 million, said a media representative of the fund.
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