Rose Rock Capital is seeking to raise $2 billion in yuan and U.S. dollar funds for investment in commercial real estate in Tianjin, Reuters reports. The Rockefeller family-owned company has established a venture with Tianjin Finance Investment, which will be responsible for managing government relationships. Rose Rock owns 90% of the fund management venture and will take charge of daily management and operation of the funds. The funds intend generating $788.76 million initially, including $311.50 million by the year-end for building a landmark commercial property project in the Chinese city’s financial district.

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