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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment

CIC eyes private equity’s secondary market

Posted on 19 February 2010

From WSJ: China’s $300 billion sovereign-wealth fund, China Investment Corp., has mandated three managers, including Goldman Sachs Group Inc., to invest $1.5 billion in the private-equity secondary market, a person familiar with the situation said.

The mandate by CIC to invest in secondary private equity—the sale by a private-equity fund of a holding to another private-equity fund—was given to the three managers late last year, and is part of CIC’s efforts to diversify its investment portfolio, the person said……………………………………Full Article: Source


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