The decision came after Goldstone’s chief executive Wu Yibing left the firm to join Singaporean investment firm Temasek, said Dow Jones, citing people familiar with the situation.
Goldstone is no longer looking to secure more capital for two investment vehicles, which it was raising last year, said the report.
Yibing agreed to join Temasek as head of its Chinese operations to replace Ding Wei earlier this month and will start his new job in October.
In addition to his job as chairman and CEO of Gladstone, Yibing also served as president of Citic Private Equity Funds Management.
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