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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

Kazakhstan, Hong Kong’s Li Ka-shing plan fund, Premier says

Posted on 15 October 2010

From Bloomberg: Kazakhstan has joined Hong Kong billionaires Li Ka-shing, Larry Yung and Cheng Yu Tung to form a $400 million private equity fund that will help Kazakh companies list in the city, Prime Minister Karim Massimov said.
Kazyna Capital Management JSC, a unit of the country’s sovereign wealth fund, will initially contribute $100 million and four Hong Kong partners, including Li’s Cheung Kong (Holdings) Ltd., will provide $300 million, the prime minister said in an interview yesterday……………………………………….Full Article: Source

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