Fundraising

CITIC Capital raises $406m

The Hong Kong-based alternative investment manager closed a China focused fund.

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Fund name: Vanke SCPG & CITIC Capital Retail Fund
Amount raised: 2.625 billion yuan
Launched date: December 2017
Stage of fundraising: Final close

CITIC Capital has held a final close on Vanke SCPG & CITIC Capital Retail Fund on 2.625 billion yuan ($406 million; €342 million), a contact at the pension confirmed to PERE. The vehicle is the firm’s first retail focused yuan-denominated fund investing in the first and second tier cities in China.