Citic Capital Raises $225 Million for Fourth Real Estate Fund
Citic Capital Real Estate group has invested in 18 projects in China worth more than a combined $3 billion, Citic Capital said in an e-mailed statement today. The real estate fund is seeking to raise $600 million, Citic Capital said.
The fund focuses on retail property and mixed-used developments with a “substantial retail portion” in second- and third-tier cities in China. Citic Capital manages about $4.6 billion and invests in private equity, real estate, structured investment and asset management, the statement said.
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