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Warburg Pincus targeting $439m for first yuan fund

Warburg Pincus has joined a growing list of investment firms looking to target local currency investment opportunities in China through its first ever yuan-denominated fund, which is targeting a RMB3 billion ($439 million) fundraise, according to a report by Reuters.

Warburg Pincus has joined a growing list of investment firms looking to target local currency investment opportunities in China through its first ever yuan-denominated fund, which is targeting a RMB3 billion ($439 million) fundraise, according to a report by Reuters.

The report cites unnamed sources as revealing that the US private investment firm has contacted a number of China-based investors about the new yuan fund, including local government-backed entities and state-backed financial institutions.

The sources said that the fund will target investments in China’s healthcare and technology sectors.
 

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