| China’s national pension fund aims to allocate Rmb30 billion ($4.7 billion) to domestic private equity funds this year, with the sum to rise to Rmb50 billion by 2015 as it seeks to boost returns.
The planned allocation, announced by National Social Security Fund chairman Dai Xianglong, is a leap from the Rmb19.5 billion invested in PE funds in 2011. It also follows a recent disclosure that the $134 billion sovereign fund had derived nearly 70% of its total yield last year from private equity and direct investments...............................................Full Article: Source
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