28.04.2011 - Buyout firms on alert as China prepares $200bln diversity spend
The China Investment Corporation has been mandated to help diversify the Chinese state’s $3 trillion-plus reserves away from US Treasurys and is expected to focus much of this capital on private equity and other alternative asset classes, according to a February report by Chinese consultancy Z-Ben Advisors. The fund, which has in the past made large commitments to many of the biggest private equity firms including Blackstone Group, Apax Partners, 3i Group, and JC Flowers, is one of a number of pools of capital which have entered the buyout market in recent years..............................................Full Article: Source
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