Carlyle sets up RMB fund in partnership with Fosun Group

Shanghai, February 24 (Xinhua) Carlyle Investment Group and China's private enterprises Fosun Group 24th in Shanghai jointly announced the formation of a joint brand renminbi fund, the first fund scale of 100 million U.S. dollars, investment in high growth-oriented enterprises. According to Rubenstein, the co-founder and managing director of Carlyle Investment Group, the new joint-brand renminbi fund was initially funded from the Carlyle Asia Growth Fund and Fosun Group, and the first 100 million dollars in the current phase are in place to invest immediately.　　In the future, Carlyle and Fosun will soon start facing domestic investors to raise more money for future renminbi funds, he said. The cooperation is the second time that Carlyle Group and Fosun Group joined hands. In September 2009, the two sides had invested in one of the largest infant milk powder companies in China, the Guangdong group.