22.02.2010 - CIC to invest in PE secondary market
From China Knowledge: China Investment Corp, the country's US$300 billion sovereign wealth fund, will keep expanding in the overseas markets by agreeing to invest a combined US$1.5 billion in the private equity secondary market, sources reported. Reportedly, 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