China’s NSSF lines up PE fund portfolio
The $276 billion state retirement fund will hire China Everbright Limited for the new mandate as part of its push into direct equity and private equity investments.
China’s National Social Security Fund is setting up a separately managed fund-of-funds (FoF) portfolio with investment firm China Everbright Limited (CEL), which will invest into the latter's products.
This is part of the $276 state retirement fund’s strategy to increase allocation to direct stakes and private-equity funds to improve returns amid market volatility. It has not indicated the size of the mandate.
The new partnership is almost complete, said James Pan, a member of C…
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