Funds raised by PEs post small lift
By Chen Li |
June 9, 2011, Thursday
|
Print Edition
Print Edition
NINE private-equity funds have raised nearly US$2.48 billion in May, China Venture said in its monthly report yesterday.
The amount raised was just slightly more than the US$2.4 billion netted by nine funds in April, according to the financial analyst website.
Seven out of the nine funds were yuan denominated, the report said, adding that foreign PE funds have been complaining they face obstacles investing in areas that are considered strategically important.
One of the two dollar-denominated funds, CITIC Private Equity Funds Management Co, an onshore investment platform of CITIC Group and CITIC Securities Co, raised US$990 million, the biggest amount last month.
China International Capital Corp announced it would set up a 5-billion-yuan fund (US$772 million) to tap the domestic lucrative PE sector.
The amount raised was just slightly more than the US$2.4 billion netted by nine funds in April, according to the financial analyst website.
Seven out of the nine funds were yuan denominated, the report said, adding that foreign PE funds have been complaining they face obstacles investing in areas that are considered strategically important.
One of the two dollar-denominated funds, CITIC Private Equity Funds Management Co, an onshore investment platform of CITIC Group and CITIC Securities Co, raised US$990 million, the biggest amount last month.
China International Capital Corp announced it would set up a 5-billion-yuan fund (US$772 million) to tap the domestic lucrative PE sector.
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