The story appears on

Page B3

September 30, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

China Investment Corp CIC pours US$2b into US funds

CHINA Investment Corp, the US$200 billion sovereign fund, is set to pour a total of US$2 billion into three United States distressed asset-focused funds, including one managed by Goldman Sachs, sources said yesterday.

CIC plans to invest up to US$700 million each in the three funds. Another is managed by the US investment firm Oaktree Capital but there were not details of the third.

The sources said all three funds would focus on US distressed assets ranging from real estate to infrastructure.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend