CITIC raises $113m

CITIC Capital Venture Partners, the fund managed by the venture group of CITIC Capital Holdings Ltd, said Monday that it has finished fundraising a total of $113 million.

Some of the world's top-tier international investors, including Vertex Asia Growth, a wholly owned subsidiary of Temasek Holdings, have been introduced as limited partners.

CITIC Capital Venture Partners targets SMEs in sectors like clean technology, consumer goods and IT industries.