The Carlyle Group Signs MOU with Beijing for RMB-Denominated Fund Investing in Larger Growth Companies

Global private equity firm The Carlyle Group signed a memorandum of understanding with the Beijing Municipal Bureau of Financial Work on the formation of an RMB-denominated fund in Beijing.
The Carlyle Asia Partners RMB Fund will be registered in Beijing where the local government will provide full support.
To be registered in Beijing, the fund is expected to play an important role in the development of local enterprises, the structural transformation of local industry and the enhancement of the equity investment fund industry in Beijing and China.
Once established, the new vehicle will invest alongside Carlyle Asia Partners and pursue independent investments in larger growth companies. The fund will be entitled to preferential treatment from the Beijing Municipal Government, in accordance with its development policies for the city’s finance and equity investment industry.

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