first-eastern-and-blackstone-announce-renminbi-private-equity-funds

First Eastern and Blackstone announce renminbi private equity funds

Shanghai attracts global private equity with First Eastern announcing domestic private equity funds worth Rmb6 billion, while Blackstone intends to raise Rmb5 billion.

Sameera Anand

August 18, 2009

The First Eastern Investment Group announced yesterday that it has become the first international private equity group to incorporate a Shanghai subsidiary. This follows an announcement by the Blackstone Group on Friday that it will establish its first regional, renminbi-denominated private equity fund in Shanghai Pudong.

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