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CGN raises RMB3.3 billion

A third close was held upon the latest commitment from Three Gorges Capital Holdings.

CGN Private Equity Fund Management, a subsidiary of China General Nuclear Power Corporation, announced the third close of the CGN Capital Partners Infrastructure Fund III at RMB3.3 billion. The fund focuses on renewable energy infrastructure assets in China including wind, hydro and solar power.

The fund’s current investors are major state-owned enterprises in China such as Industrial and Commercial Bank of China, Agricultural Bank of China, Post Savings Bank of China, China Cinda Asset Management, China Huarong Asset Management, People’s Insurance Company of China and Three Gorges Capital Holdings.