CGN renewables fund puts Qianhai on the map

The opening of the CGN Capital Partners Fund III to international investors marks the coming of age of Qianhai, the zone on the fringes of Shenzhen earmarked as a place for global investors to access renminbi-denominated funds. The CGN fund made its first close in May, raising Rmb1.88 billion ($296 million) from domestic investors. On Friday, September 4, the general partners officially opened the fund to the first of two additional fund raisings, this time involving potential for…