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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Flowers buyout fund to reach $6bn with Chinese backing

Posted on 08 October 2008

From Financialnews.com: Financial services-focused buyout firm JC Flowers is approaching a final close on its main buyout fund at about $6bn (€4.3bn) having had the backing of the Chinese Government and portfolio company Shinsei Bank.

However, one long-term investor said it declined to participate due to concern about the firm’s dependence on its founder, former Goldman Sachs financier Christopher Flowers. The fund is expected to close below the $7bn second fund Flowers raised in 2006…… Full Article: Source


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