CITIC Capital Partners, the private equity arm of Hong Kong-based alternative investment manager CITIC Capital Holdings, closed its latest China buyout fund, CITIC Capital China Partners IV, at its $2.8 billion hard cap, according to a news release.
The fund is CITIC Capital Partners' largest-ever fund — 75% larger that its third fund, which closed with $1.6 billion in 2017.
Investors in the fund include C$392 billion ($294.2 billion) Canada Pension Plan Investment Board, Toronto.
