CGN Capital Reaches $292M First Close On China Renewable Energy Fund

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CGN Capital Partners Fund III L.P., a private equity fund focused on renewable energy infrastructure in China, has completed a first closing of RMB1.87 billion (US$292 million), according to a company announcement.

The fund, with backings from China General Nuclear Power Company and New Zealand investment manager H.R.L. Morrison & Co., aims to raise RMB5 billion (US$780 million) in total.

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