Darby PE fund
October 31, 2011, Monday
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Print Edition
Print Edition
DARBY Overseas Investments, the private equity arm of Franklin Templeton Investments, has announced that it will establish its first yuan-backed private equity fund in Jiading that will help raise funds for medium-sized enterprises. It is estimated that the fund will raise 2 billion yuan (US$313.6 million) when launched. Darby recently signed a memorandum of understanding with the Jiading government.
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