Goldman Sachs to invest in Chinese partner

(The Wall Street Journal) -- HONG KONG -- Goldman Sachs plans to back a new $2bn (€1.4bn) private equity fund being set up by its China partner, Fang Fenglei, as many of China's top deal makers try their hand at their own funds.

Goldman plans to put around $300m into the Hopu Fund as a limited partner, people familiar with the situation say.

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