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Sovereign Wealth Funds Briefing - Categorized | Investment

KKR, TPG Capital close to deal to buy CICC stake

Posted on 23 February 2010

From WSJ: China Investment Corp., the country’s $300 billion sovereign-wealth fund, owns the biggest chunk of CICC, and also owns nearly 10% of Morgan Stanley after investing a total of $6.8 billion in the Wall Street firm in 2007 and 2009.

As the private-equity industry in the U.S. and Europe has matured, large firms like KKR and TPG have redoubled their focus on China and other fast-growing markets. Several years ago each firm made splashy hires to help oversee their operations there……………………….Full Article: Source


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