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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

CICC, Shanghai government private-equity fund to raise US$2.9bln in 1st half

Posted on 05 February 2009

From Easybourse.com: A private-equity fund between China International Capital Corp. and a Shanghai government-backed investment firm that aims to raise CNY20 billion ($2.9 billion) is likely to raise CNY8 billion of that amount in the first half, a senior CICC executive said Wednesday.

CICC, 34%-owned by Morgan Stanley, and Shanghai International Group, a state-run investment vehicle under the Shanghai municipal government, are setting up the private-equity fund, Duoguang Bei, a managing director at CICC, told Dow Jones Newswires….. Full Article: Source


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