08:25 AM EST, 11/21/2024 (MT Newswires) -- McDonald's (MCD) China controlling shareholder Trustar Capital has raised $1 billion for a continuation fund that will retain its stake in McDonald's operations in China and Hong Kong, Reuters reported Thursday, citing two sources with knowledge of the matter.

The Qatar Investment Authority, a sovereign wealth fund, has committed the largest amount in the continuation fund, a private equity vehicle to transfer holdings, the report said.

Other investors include China Investment, another sovereign wealth fund, and other Chinese yuan-denominated investors, the report added.

McDonald's and Trustar did not immediately reply to MT Newswires' request for comment.

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