China: Citic Capital closes fourth China buyout fund at US$2.8bn

Citic Capital Partners, the private equity arm of investment management firm Citic Capital, has closed its fourth China buyout fund on a US$2.8bn hard cap. Citic Capital China Partners IV LP will focus on healthcare, consumer, business services, consumer services, TMT, and industrial sectors. CCCP IV attracted strong support from a mix of existing and…