DBS Underlines Room For PE Growth In China

DBS Bank announced today that its private equity (PE) arm DBS Private Equity had established a new US$100mn fund for the provision of growth capital for promising companies in China. The move will make DBS Private Equity one of the first few foreign PE investors to set up a local investment vehicle in China, which it says 'reinforces DBS' commitment to expand its franchise in the country and underscores the bank's conviction in the strength and potential of the Chinese economy.' The Fund will provide capital to mid-to-late stage China companies in growth industries, with a view to eventually listing

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