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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC in big overseas push

Posted on 19 February 2010

From Thestandard.com.hk: As global economies are starting to recover, China Investment Corp - the mainland’s sovereign wealth fund - is continuing its expansion overseas by agreeing to invest a combined US$1.5 billion (HK$11.7 billion) in the private equity secondary market.

CIC will open custom accounts with Lexington Partners, Goldman Sachs and Pantheon Ventures, which each gained mandates to manage US$500 million for the sovereign fund in special accounts…………………………………..Full Article: Source


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