BlueFive Capital has been appointed as the first General Partner (GP) for a fund of funds established by CICC Capital, the private equity arm of China International Capital Corporation (CICC), and Chinese steelmaker HBIS Group. The fund targets raising CNY32bn ($4.58bn) with a 15-year term and will pursue investments aligned with HBIS Group’s industrial priorities, including cross-border investments.
It will deploy capital through a combination of fund investments and direct investments, includi...
Continue Reading
Sign up for FREE to read the full article and access 131K+ alternative investment headlines.