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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

CIC to spend US$2 bln buying U.S. distressed assets

Posted on 08 October 2009

From China Knowledge: China Investment Corp, the country’s US$200-billion sovereign wealth fund, will invest US$2 billion in three U.S. funds to acquire distressed assets in sectors ranging from property to infrastructure, said sources close to the matter.

The unnamed sources said that the Chinese sovereign wealth fund plans to invest between US$600 million and US$700 million in each of the three distressed asset investment funds, one of which is managed by Goldman Sachs and another of which is managed by Oaktree Capital. However, the name of the third fund remains unknown………………..Full Article: Source

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