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.
