PE firm Trustar plans to raise fund to manage McDonald’s China stake

PE firm Trustar plans to raise fund to manage McDonald’s China stake

The logo of McDonald's is seen at its restaurant in Hong Kong, China August 27, 2021. REUTERS/Tyrone Siu/File Photo

Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald’s China, two sources with knowledge of the matter said.