China fund Hony Capital raising up to $2.6 bln-sources

HONG KONG Mon Nov 21, 2011 5:49am EST

HONG KONG Nov 21 (Reuters) - Hony Capital is aiming to raise up to $2.6 billion in a new private equity fund, two sources said on Monday, in what is set to be the biggest ever dollar raising for a China-based fund.

Hony's fifth dollar fund raising is nearly double its previous $1.4 billion fund raised in 2008, sources with knowledge of the matter told Reuters. Hony CEO John Zhao had flagged the fund raising in June without giving details.

The fund was launched in August, a third source said.

Hony Capital, backed by Legend Holdings, declined comment. The sources were not authorised to speak to the media. (Reporting by Stephen Aldred; Editing by Denny Thomas)

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