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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Fund backed by BlackRock and CIC targets $2bln

Posted on 17 August 2012

A China-focused investment fund backed by asset manager BlackRock Inc . and sovereign wealth fund China Investment Corp . seeks to round up $2 billion, said people with knowledge of the fundraising effort.
The pool, China Global Opportunities Fund, is being led by Liu Erfei, the former chairman of Bank of America Merrill Lynch ’s China operations, and has received a significant commitment of up to $500 million from CIC, the people said……………………………………….Full Article: Source

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