Astute investors often make their best deals during times of economic strife, when corporate bosses prefer to sell and cut their losses.
CITIC Capital said on Thursday that it had hit the final close of its fourth China buyout fund, CITIC Capital China Partners IV, amassing $2.8 billion to cut deals even as trade tensions between the world's two largest economies continue to escalate.
CITIC Capital’s has developed a reputation for carving out the Chinese units of multinational companies and helping them to adapt to a tougher macroeconomic and competitive backdrop.
“Carve-outs have become a major source of deals for us...
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