News Formal

New China-focused fund raises US$2.5b from investors including GIC and Temasek

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

[HONG KONG] DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about US$2.5 billion in its debut US dollar and yuan funds, giving the private equity firm adequate firepower to invest in Greater China. Read more at The Business Times.

DCP's investors include Singapore sovereign wealth fund GIC Pte Ltd and state investor Temasek Holdings Pte Ltd, as well as Canadian public pension fund Caisse de depot et placement du Quebec , said a person with direct knowledge of the matter, declining to be identified as the matter was private.[HONG KONG] DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about US$2.

DCP in a statement on Tuesday said it raised over US$2 billion for its DCP Capital Partner I dollar fund from investors, known as limited partners. The fund was"significantly" oversubscribed due to strong demand from investors such as pension funds, funds-of-funds and sovereign wealth funds, it said.

DCP was set up in 2017 by Mr Liu who was also a co-head of KKR's Asia private equity business, and Julian Wolhardt, a former senior KKR executive in the region after both worked with the US buyout firm for 11 years. Prior to KKR, Mr Liu and Mr Wolhardt led Morgan Stanley's private equity business in Asia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China March new home prices rise 0.6% month on month, quickening from Feb[BEIJING] China's new home prices in March rose 0.6 per cent from a month earlier, accelerating from 0.5 per cent growth in February, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

China Evergrande, Sunac issue 4th dollar bonds in six monthsCHINA Evergrande Group and Sunac China Holdings have sold US$2 billion and US$750 million in senior notes respectively, in what was the fourth issuance of dollar bonds for both these developers in six months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street bull run hinges on earningsNEW YORK: Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »