Qatar Investment Authority committed biggest amount to become anchor investor
Other investors in fund include Chinese sovereign fund CIC, yuandenominated investors
McDonald39;s China says goal to reach 10,000 restaurants remains unchanged

HONG KONG, Nov 21 Reuters Trustar Capital has raised 1 billion for a continuation fund that will hold the Chinese private equity firm39;s controlling stake in McDonald Corp39;s operations in mainland China and Hong Kong, two sources with knowledge of the matter said.

A continuation fund is a new vehicle created by a private equity PE firm to transfer holdings of existing investments. The concept has gained traction in Asia in recent years as PE firms39; exit from companies via IPOs became challenging.

Sovereign wealth fund Qatar Investment Authority QIA has committed the biggest amount to become the anchor investor in Trustar39;s continuation fund, said the sources, who declined to be named as the information is confidential.

Other investors in the 1billion continuation fund included Chinese sovereign fund China Investment Corp CIC and a number of Chinese yuandenominated investors, they added.

McDonald39;s China said the firm was pleased to see Trustar has increased its investment in McDonald39;s China, based on a strong confidence in the growth prospects of the Chinese economy, as well as the company39;s development potential.

The company said its goal to reach 10,000 restaurants remains unchanged. The transaction further…