Hong Kong–based alternative investment management and advisory company Citic Capital Holdings has collected $225 million in a first closing for its fourth real estate fund, Bloomberg reports. The Townsend Group, U.S. provider of real estate investment consulting services, is among institutional investors which provided the funding.
Citic Capital Real Estate group has invested in 18 ventures across China worth more than a combined $3 billion. The real estate fund is looking to collect a total of $600 million.
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