Morrison & Co-linked fund raises 1.87 bln RMB for Chinese renewable investments

Mon, 24 Aug 2015

By Paul McBeth Aug. 25 (BusinessDesk) - HRL Morrison & Co subsidiary JIDA Capital Partners and Shenzhen-based CGN Private Equity Fund Management have raised 1.87 billion Chinese yuan (NZ$451.7 million) from institutional investors to launch a new fund focusing on Chinese renewable energy assets. The unlisted private equity infrastructure fund, CGN Fund III, is seeking to raise 5 billion yuan, which it will mainly invest in operating renewable energy infrastructure assets, focusing on wind, hydro and solar power, and offering sustainable y...

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