Chinese private equity firm CDH Investments has reaching a first closing of RMB3.2 billion (US$484 million) for its fifth mezzanine fund, Ning Hu, a managing director at CDH Investments told local Chinese medial. The RMB-denominated fifth fund, like CDH’s fourth mezzanine fund completed in February, raised capital from insurance companies, banks, trust companies and other institutional investors. The fifth fund aims to raise roughly twice the amount of capital as the fourth fund, which secured RB3.5 billion (US$529 million), Hu …

CDH Investments Reaches First Closing Of RMB3.2 Billion For Fifth Mezzanine Fund appeared first on China Money Network.