Carlyle Group is exploring a possible new private-equity fund denominated in Chinese yuan targeting investments in western China, a person familiar with the situation said Thursday.

The US private equity firm had preliminary discussions with the government of Chongqing municipality on jointly launching the fund, the person said, declining to be named.

The US private equity firm had preliminary discussions with the government of Chongqing municipality on jointly launching the fund, which could be as large as CNY5bn

Jonathan Shieber, Private Equity Analyst

Carlyle Group

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Carlyle explores possible new Yuan fund

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