Bloomberg News

Citic Capital Raises $60 Million for Growth Investments Fund

February 23, 2012

Feb. 23 (Bloomberg) -- Citic Capital Holdings Ltd., part- owned by China’s sovereign wealth fund, said it raised $60 million in a first closing for a growth-investment fund from investors including a Temasek Holdings Pte unit.

The Citic Capital Venture Partners will focus on high- growth, small- and medium-sized enterprises in clean-technology, consumer and new emerging industries in China, Citic Capital said in an e-mailed statement today. The fund targets a size of $150 million, Citic Capital said.

--With assistance from Cathy Chan in Hong Kong. Editor: Joshua Fellman

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editors responsible for this story: Nerys Avery at navery2@bloomberg.net.


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