 |
| CITIC Capital Eyes Private Equity Fund |
|
|
|
|
(Agencies)
CITIC Capital, an investment arm of China's largest financial conglomerate CITIC Group, is in talks with the country's national pension fund to launch a yuan-denominated private equity fund, sources familiar with the situation said on Tuesday.
The National Social Security Fund (NSSF) is expected to invest at least 1 billion yuan ($146 million) in the new fund, said the sources, who declined to be identified.
|
|
|
|
|
|
CITIC Capital will manage the fund, which along with any investment by NSSF will be subject to government approvals, the sources said.
CITIC Group will also invest at least 1 billion yuan in the fund, which is raising additional money from other domestic investors including major state-owned enterprises, said the sources.
Officials at CITIC Capital declined to comment, while a representative for NSSF could not be immediately reached for comment.
|
|
| < Prev | Next > |
|---|
