Blackstone Completes First Close for its RMB Fund
Shanghai, April 8th, 2011 – The Blackstone Group (NYSE:BX) today announced the First Close of its RMB Fund – the Shanghai Blackstone Equity Investment Partnership (Limited Partnership). Blackstone has received commitments from Chinese government entities, state-owned enterprises, and large domestic corporations. The target size of the Fund is RMB 5 billion and is intended to make growth equity investments in companies in China.
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