Orchid Asia targets $900 mln for Chinese franchises


Orchid Asia Group, China, private equity
A customer counts Chinese yuan banknotes as she purchases vegetables at a market in Beijing, China, May 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo
Orchid Asia Group is raising $900 million for its newest flagship private equity fund. Orchid Asia VII will likely hold a first and final close next month, Hamilton Lane wrote in a memo for Pennsylvania Public School Employees’ Retirement System. ...

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