China’s DCL Investments targets $500m for first USD fund: Report

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

Chinese distressed assets and special opportunities investment fund DCL Investments is targeting around $500 million for its first US dollar-denominated fund and 3 billion yuan ($446 million) for its third RMB fund, according to a report by AVCJ.

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