Citic Capital Raises $225 Million for Fourth Real Estate Fund
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Citic Capital Holdings Ltd., part-owned by China’s sovereign wealth fund, said it raised $225 million in a first closing for its fourth real estate fund from investors including Townsend Group.
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.