To the Business Editor
For Immediate Release
CITIC Capital Raised US$400 million for its Third Real Estate Fund
(Hong Kong, 12 January 2009) CITIC Capital Holdings Limited (“CITIC Capital”) announced that its
third China real estate fund – CITIC Capital China Real Estate Investment Fund III, was closed on
20 December 2008. Institutional investors from Europe, US, Middle East, and Japan, together withseed money from CITIC Capital, committed a total capital of US$400 million.
CITIC Capital China Real Estate Investment Fund III invests in project developments, acquisitions
and entity level investments in Chinese real estate companies. The fund focuses on development
projects in the first and second tier cities in affluent regions including the Pearl River Delta, Yangtze
River Delta, Pan Bohai Gulf Region and other major cities such as Chengdu, Wuhan and Chongqing.
The fund also invests in commercial properties, with a special focus on value-adding opportunities
for distressed properties. In addition, this fund will look for entity level investments in leading local
developers with a strategic view.
“Supported by a track record of two previously launched real estate funds that focus on real estate
investments in China, our third fund had obtained good response from global institutional investors
despite a very difficult fund raising environment. We believe that CITIC Capital will continue to be
one of the leaders in the China real estate investment market,” said Mr. Yichen ZHANG, Chief
Executive Officer of CITIC Capital. “It is expected that there will be substantial competition in thereal estate investment space. However, we believe that CITIC Capital has strong advantages due toits industry experience, strength of the team and strong contacts in the real estate industry. It is ourintention to remain one of the most competitive players in the China-focused real estate investment
management business.”
Mr. Stanley CHING, Managing Director and Head of CITIC Capital’s Real Estate arm, believed thatthe fund’s general medium term capital appreciation strategy is most suitable to match cyclicalmarket movements. He also said that the fund’s broad strategy of focusing on property
development, property acquisition and entity level investment is best designed to take advantage ofnumerous market opportunities and synergies from other CITIC entities.
About CITIC Capital Holdings Limited
Founded in 2002, CITIC Capital is a leading China-focused investment management and advisory
firm. We manage over US$1.6 billion of capital from a diverse base of institutional investors
globally. Our core businesses include Private Equity, Real Estate, Mezzanine & Debt Finance, AssetManagement, and Special Situations. Our firm combines deep knowledge of the China business andfinancial markets with world-class investment expertise in order to create value for investors.
We are part of the CITIC Group, one of China's largest and most comprehensive financial
conglomerates. CITIC Pacific Limited and CITIC International Financial Holdings Limited eachholds a 50% stake in CITIC Capital. We currently have over 150 employees located in offices
spanning Hong Kong, Shanghai, Beijing, Tokyo and New York.
For media enquiries, please kindly contact:
Cindy Tam
Vice President
Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 2237 6413
Fax: +852 2169 3636
Email: cindytam@citiccapital.com
CITIC CAPITAL HOLDINGS LIMITED 中信资本控股有限公司
28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong 香港中环添美道 1 号中信大厦 28 楼
Tel 电话: +852 2237 6888
Fax 图文传真: +852 2523 8312
www.citiccapital.com