China's CPE raises $499m from US investors for new fund

China's CPE raises $499m from US investors for new fund

Beijing, China. Photo by zhang kaiyv on Unsplash

China’s CITIC Private Equity (CPE), which has over 100 billion yuan ($15.5 billion) worth of assets under management, has so far raised $498.9 million from US investors for its CPE China Fund IV, according to a filing with the US Securities and Exchange Commission (SEC) on Thursday.