| From Tradingmarkets.com: China Investment Corporation (CIC), a sovereign wealth fund responsible for managing USD 300 billion of China's foreign exchange reserves, is one of large-sized third party investors of 3i Group PLC, a growth fund with a scale of EUR 1.2 billion, disclosed people close to the matter on September 29, 2010.
The people also revealed that 3i kept good relationship with CIC and has tried to finance a renminbi fund because renminbi funds can acquire corporate assets without approval from the government. So, other leading private equity funds in the world, such as Blackstone Group and Carlyle Group LP are financing renminbi funds, too..............................................Full Article: Source
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