China: Hony Capital raises $2.7b dual currency yuan-dollar fund

China: Hony Capital raises $2.7b dual currency yuan-dollar fund

Hony Capital Ltd., the Chinese private-equity firm that bought U.K. restaurant chain PizzaExpress Ltd. in 2014, raised $2.7 billion for a dual-currency fund intended to smooth the way for overseas and China-based investors to participate in the same deals, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter