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National pension fund has scope for greater PE exposure
By Louise Ho |
March 28, 2012, Wednesday
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Online Edition
Online Edition
NEARLY 2 percent of the national pension fund's total assets have been invested in private equity by the end of last year, and there is room for more private equity investment, Wang Zhongmin, vice chairman of the National Council for Social Security Fund said today.
Speaking at a financial conference, he said the percentage of investment in private equity is still much lower than the 10 percent it is allowed, which means the NCSSF has room left for investment in private equity. NCSSF manages the national social security fund.
Wang did not reveal the number of investments made in private equity until last year, but said he was satisfied with the return from investment in this asset class.
The NCSSF has been seeking ways to boost returns for the national pension fund from private equity investment. In June last year, Wang said the fund would inject 10 billion yuan (US$1.6 billion) into 11 domestic private equity firms.
The national social security fund has more than 857 billion yuan in assets and has an annualized return of 9.17 percent since it was launched in 2000, according to the NCSSF.
Speaking at a financial conference, he said the percentage of investment in private equity is still much lower than the 10 percent it is allowed, which means the NCSSF has room left for investment in private equity. NCSSF manages the national social security fund.
Wang did not reveal the number of investments made in private equity until last year, but said he was satisfied with the return from investment in this asset class.
The NCSSF has been seeking ways to boost returns for the national pension fund from private equity investment. In June last year, Wang said the fund would inject 10 billion yuan (US$1.6 billion) into 11 domestic private equity firms.
The national social security fund has more than 857 billion yuan in assets and has an annualized return of 9.17 percent since it was launched in 2000, according to the NCSSF.
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