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Exclusive: China's Primavera, CITIC PE to raise dollar funds worth $5 billion - sources
October 23, 2017 6:24 AM EDTBy Kane Wu and Julie Zhu
HONG KONG (Reuters) - Chinese firms Primavera Capital Group and CITIC Private Equity plan to raise new dollar-denominated funds totaling around $5 billion in a bid to bolster their firepower for offshore investments, six sources told Reuters.
Over the past year, private-equity (PE) firms have become increasingly active in overseas dealmaking, enjoying greater flexibility with offshore fundraising abilities versus the more domestically-focused firms that have been hit by Beijing's measures to curb a rampant outflow of capital.
