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Blackstone completes first close for its RMB fund

The Blackstone Group (NYSE: BX) has announced the First Close of its RMB Fund – the Shanghai Blackstone Equity Investment Partnership (Limited Partnership).

 

Blackstone has received commitments from Chinese government entities, state-owned enterprises, and large domestic corporations. The target size of the Fund is RMB 5 billion and is intended to make growth equity investments in companies in China.

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