CIC seeking more non-US partners for co-investments
The Chinese sovereign wealth fund believes co-investments can effectively expand its investment pipeline but is looking outside the US for fund vehicles or direct investments.
China Investment Corporation (CIC) is increasingly turning to offshore co-investing as a way to access more new private assets, and is believed to be focusing these efforts on non-US countries to avoid increasingly entrenched tensions between Washington and Beijing.
The $1.045 trillion sovereign wealth fund has already marked some successes in this strategy; in early October it partnered with Italian lender UniCredit and private equity firm Investindustrial to launch a China-Italy…
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