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Private equity RRJ Capital raising US$5 bln for second Asia Fund; Secured $3bln already

Posted on 06 July 2012

Private-equity firm RRJ Capital Ltd. is raising $5 billion for its second Asia-focused fund, and has already secured more than $3 billion in commitments from investors, according to a person familiar with the matter. The fund is targeting a first-close of September, the person said.
Hong Kong and Singapore-based RRJ was started by Richard Ong, who formerly headed investment-banking at Goldman Sachs Group Inc. in Asia excluding Japan, before leaving in 2008 to found Chinese private-equity firm Hopu Investment Management Co. RRJ raised $2.3 billion in its first fund in March 2011, with investments focusing on the energy, resources, consumer and financial sector………………………………………..Full Article: Source


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