Chinese PE Hony Capital raises $130m for debut USD fund

Chinese PE Hony Capital raises $130m for debut USD fund

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Beijing-based private equity firm Hony Capital, a part of Chinese investment holding company Legend Holdings, has raised $130 million for its maiden USD-denominated sub-fund to clock mid-staged investments, per an announcement.

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