Apr
20
Hony Capital Is Said to Raise $2.7 Billion for Yuan-Dollar Fund
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Will be first dual-currency fund raised by large PE firm
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Fund meant to resolve tension between dollar, yuan investors
Hony Capital Ltd., the Chinese private-equity firm that bought U.K. restaurant chain PizzaExpress Ltd. in 2014, raised $2.7 billion 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 percent is in U.S. dollars and the rest in yuan, one of the people said, asking not to be identified discussing private information…
Hony Capital Is Said to Raise $2.7 Billion for Yuan-Dollar Fund
