China's CMC Capital raises over US$950mil


CMC Capital founder Li Ruigang. - Reuters

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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

china , cmc , capital

   

Next In Regional

41 passengers injured as Hong Kong ferry bumps into pier on Central’s waterfront
DPM Zahid emphasises shared goals in meeting with Philippines President Marcos
Malaysia’s strategies as Asean chair in 2025 focus on regional value chains, says Anwar
Asean Foreign Ministers' meeting kicks off in Laos ahead of 44th and 45th Asean Summits
Asean must remain neutral to boost regional investment, says Tengku Zafrul
Engine issues force Cathay Pacific to inspect A350 fleet, cancel flights
Indonesian, Malaysian troops celebrate unity at border in honour of Malaysia's National Day
Singapore proposes new law allowing police to stop bank transfers
Two Malaysians caught with RM3.7mil worth of ganja in the Maldives
Police deploy 1,250 officers for King's installation

Others Also Read