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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

CIC deals with Harvard

Posted on 05 August 2010

From Peopledaily.com.cn: China Investment Corp, the country’s sovereign wealth fund, is in talks with Harvard University’s endowment to buy the US institution’s stakes in property funds worth about $500 million, the Wall Street Journal reported Wednesday.
The latest move by the $300 billion sovereign wealth fund reflects its efforts to tap properties in the distressed US commercial real estate sector as it seeks to diversify its overseas portfolio……………………………………….Full Article: Source


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