Tuesday, 2 June 2015
Last updated 1 hour ago
Feb 26 2010 | 12:24pm ET
The Carlyle Group is increasing its investment activity in china with a new joint-venture.
The Washington, D.C.-based private equity giant and Fosun Group, which manages more than US$10 billion, have launched a US$100 million global growth fund. The new vehicle, which is denominated in Chinese yuan, will invest in high-growth companies around the world.
Carlyle and Shanghai-based Fosun already jointly invest in a Chinese baby formula company.
Carlyle also announced plans for future yuan-denominated funds.
“By working with local partners like Fosun, we expect to make investments that benefit high-growth companies and enhance the local private equity industry,” Carlyle co-founder David Rubenstein said.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…