Market Chatter: Trustar Capital Raises $1 Billion in Continuation Fund to Retain McDonald's China Stake

MT Newswires Live11-22 18:23

China-based Trustar Capital raised $1 billion for a continuation fund that will help it hold its controlling stake in McDonalds in mainland China and Hong Kong, Reuters reported Thursday, citing two sources with knowledge of the matter.

The continuation fund helps the private equity fund transfer its holdings from existing investments, according to the report.

Qatar Investment Authority pledged the largest amount to become the anchor investor in the continuation fund, while China Investment Corp. and other yuan-denominated investors also pledged holding in the fund, the report said.

The fund is seen to help simplify the ownership structure of McDonald's in mainland China and help the fast-food giant to reach 10,000 restaurants in the country, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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