CIC, Illinois Teachers eye cross-border deals

China Investment Corporation (CIC) and Illinois Teachers’ Retirement System have been talking up the benefits of private equity investors and managers collaborating on cross-border deals. At AVCJ’s Private Equity & Venture Forum in Hong Kong this week, China's sovereign wealth fund said it was keen on facilitating European deals, while the $46 billion US state pension spoke about its recently agreed partnership with a PE fund-of-funds manager and the types of tie-ups it was se…