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Blackstone China Fund Reaches Halfway Mark

Blackstone Group’s first China fund has raised more than $390.7 million.

Blackstone Group’s first China fund has raised more than $390.7 million, The Wall Street Journal reports. The New York–based firm is targeting a total of $780 million for the Shanghai Blackstone Equity Investment Partnership fund.

Blackstone rolled out the yuan-denominated fund in 2009. The firm invests in the country through offices in Beijing, Hong Kong and Shanghai.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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