Trustar raises $1b continuation vehicle to hold McDonald's China stake

Trustar raises $1b continuation vehicle to hold McDonald's China stake

FILE PHOTO: A man walks a dog past a McDonald's restaurant in Beijing, China December 4, 2023. REUTERS/Tingshu Wang/File Photo

Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of the matter said.