Private-equity firm Carlyle Group said Thursday it invested over US$60 million in three Chinese high-growth companies, the Wall Street Journal reported. The news comes four months after the firm closed its fourth Asian growth fund. The invested companies are Nantong Rainbow Heavy Industry, supplier of ship components and port and marine-related large steel structures; China Agritech, provider of agricultural products; and iTour, an online travel services company. The deals indicate investor faith in the growth potential in small- and medium-sized high-growth enterprises, according a firm spokesperson.
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